Moderately bullish activity in JPMorgan (JPM), with shares up $3.47, or 1.19%, near $294.00. Options volume relatively light with 42k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.69. Implied volatility (IV30) is higher by 0.1 points near 20.45,and below the 52wk median, suggesting an expected daily move of $3.79. Put-call skew steepened, indicating increased demand for downside protection.
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