Option traders moderately bearish in Bank of America (BAC), with shares down 8c near $50.92. Options volume relatively light with 44k contracts traded and puts leading calls for a put/call ratio of 1.02, compared to a typical level near 0.63. Implied volatility (IV30) is higher by 0.0 points near 27.88,and above the 52wk median, suggesting an expected daily move of $0.89. Put-call skew flattened, suggesting a modestly bullish tone.
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