Moderately bullish activity in Bank of America (BAC), with shares up 32c, or 0.64%, near $50.81. Options volume roughly in line with average with 133k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.88. Implied volatility (IV30) is higher by 0.2 points near 21.51,in the bottom quartile of the past year, suggesting an expected daily move of $0.69. Put-call skew flattened, suggesting a modestly bullish tone.
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