Mixed options sentiment in NIO (NIO), with shares down 10c near $4.58. Options volume running well above average with 117k contracts traded and calls leading puts for a put/call ratio of 0.75, compared to a typical level near 0.4. Implied volatility (IV30) dropped 0.25 near 55.82,in the bottom quartile of the past year, suggesting an expected daily move of $0.16. Put-call skew steepened, indicating increased demand for downside protection.
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