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Moderately bullish activity in JPMorgan with shares up 1.0%

Moderately bullish activity in JPMorgan (JPM), with shares up $2.96, or 1.0%, near $300.77. 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 0.64. Implied volatility (IV30) is higher by 0.2 points near 24.96,and above the 52wk median, suggesting an expected daily move of $4.73. Put-call skew steepened, indicating increased demand for downside protection.

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