Mixed options sentiment in NIO with shares down 3.07%

Mixed options sentiment in NIO (NIO), with shares down 12c near $3.62. Options volume relatively light with 47k contracts traded and calls leading puts for a put/call ratio of 0.89, compared to a typical level near 0.43. Implied volatility (IV30) dropped 0.47 near 56.11,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.13. Put-call skew steepened, indicating increased demand for downside protection.