Moderately bullish activity in PG&E with shares up 0.82%

Moderately bullish activity in PG&E (PCG), with shares up 12c, or 0.82%, near $15.38. Options volume relatively light with 40k contracts traded and calls leading puts for a put/call ratio of 0.05, compared to a typical level near 0.26. Implied volatility (IV30) is higher by 0.4 points near 43.43,in the top quartile of the past year, suggesting an expected daily move of $0.42. Put-call skew steepened, indicating increased demand for downside protection.