Moderately bullish activity in Bank of America (BAC), with shares up 12c, or 0.27%, near $46.13. Options volume relatively light with 110k contracts traded and calls leading puts for a put/call ratio of 0.96, compared to a typical level near 0.88. Implied volatility (IV30) is higher by 1.2 points near 22.98,and below the 52wk median, suggesting an expected daily move of $0.67. Put-call skew steepened, indicating increased demand for downside protection.
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