Moderately bullish activity in Wal-Mart (WMT), with shares up 46c, or 0.41%, near $113.18. Options volume more than double the daily average with 242k contracts traded and calls leading puts for a put/call ratio of 0.74, compared to a typical level near 0.77. Implied volatility (IV30) is higher by 1.9 points near 23.14,and below the 52wk median, suggesting an expected daily move of $1.65. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at Deutsche Bank.
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