Mixed options sentiment in Pinduoduo with shares down 1.11%

Mixed options sentiment in Pinduoduo (PDD), with shares down $1.50 near $133.74. Options volume roughly in line with average with 88k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.43. Implied volatility (IV30) dropped 0.99 near 30.12,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.54. Put-call skew flattened, suggesting a modestly bullish tone.