Moderately bullish activity in Bank of America (BAC), with shares up 40c, or 0.75%, near $54.44. Options volume roughly in line with average with 158k contracts traded and calls leading puts for a put/call ratio of 0.53, compared to a typical level near 0.66. Implied volatility (IV30) is higher by 1.9 points near 24.32,and below the 52wk median, suggesting an expected daily move of $0.83. Put-call skew flattened, suggesting a modestly bullish tone.
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