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Moderately bullish activity in JPMorgan with shares up 0.3%

Moderately bullish activity in JPMorgan (JPM), with shares up 86c, or 0.3%, near $292.13. Options volume relatively light with 17k contracts traded and calls leading puts for a put/call ratio of 0.73, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 0.1 points near 19.49,in the bottom quartile of the past year, suggesting an expected daily move of $3.59. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at Phillip Securities.

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