Options volume is relatively light, with 49k contracts traded and calls leading puts for a put/call ratio of 0.92, compared to a typical level near 0.86. Implied volatility (IV30) rose 1.55 to 51.26,above the median, suggesting an expected daily move of $3.84. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Pinduoduo (PDD) will report earnings before the open on 2025-05-22.Option markets are pricing in a 50% probability of a move greater than -5.03% or $-5.98. following a upgrade to Buy at Citi.
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Read More on PDD:
- Citi upgrades PDD with tariff overhang ‘largely reduced’
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- Mixed options sentiment in Pinduoduo (PDD), with shares down $-0.65 (-0.59%) near $109.25.