Mixed options sentiment in Pinduoduo (PDD), with shares down 23c near $101.95. Options volume relatively light with 48k contracts traded and calls leading puts for a put/call ratio of 0.86, compared to a typical level near 0.97. Implied volatility (IV30) dropped 1.22 near 35.53,and below the 52wk median, suggesting an expected daily move of $2.28. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Nomura.
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