Bullish flow in Pinduoduo with shares up 2.89%

Bullish flow in Pinduoduo (PDD), with shares up $3.15, or 2.89%, near $112.14. Options volume more than double the daily average with 61k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 1.27. Implied volatility (IV30) is higher by 2.2 points near 37.32,in the bottom quartile of the past year, suggesting an expected daily move of $2.64. Put-call skew flattened, suggesting a modestly bullish tone.