Mixed options sentiment in NIO (NIO), with shares down 32c near $5.18. Options volume running well above average with 230k contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 0.34. Implied volatility (IV30) dropped 2.71 near 54.85,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.18. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at Macquarie.
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