Mixed options sentiment in Pinduoduo (PDD), with shares down 99c near $102.33. Options volume relatively light with 34k contracts traded and calls leading puts for a put/call ratio of 0.65, compared to a typical level near 1.41. Implied volatility (IV30) is higher by 1.9 points near 37.74,and below the 52wk median, suggesting an expected daily move of $2.43. Put-call skew steepened, indicating increased demand for downside protection.
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