Moderately bullish activity in JPMorgan (JPM), with shares up $6.33, or 2.06%, near $314.48. Options volume roughly in line with average with 30k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.71. Implied volatility (IV30) is higher by 0.8 points near 23.74,and above the 52wk median, suggesting an expected daily move of $4.70. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Neutral at Baird.
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