Bullish flow in Pinduoduo with shares up 0.84%

Bullish flow in Pinduoduo (PDD), with shares up $1.04, or 0.84%, near $125.72. Options volume relatively light with 22k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 0.3 points near 29.6,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.34. Put-call skew flattened, suggesting a modestly bullish tone.