Moderately bullish activity in Bank of America (BAC), with shares up 14c, or 0.3, near $45.10. Options volume relatively light with 51k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 1.05. Implied volatility (IV30) is higher by 0.7 points near 22.53,and below the 52wk median, suggesting an expected daily move of $0.64. Put-call skew flattened, suggesting a modestly bullish tone.
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