Mixed options sentiment in Pinduoduo with shares down 2.58%

Mixed options sentiment in Pinduoduo (PDD), with shares down $2.67 near $100.76. Options volume relatively light with 31k contracts traded and calls leading puts for a put/call ratio of 0.73, compared to a typical level near 0.91. Implied volatility (IV30) dropped 0.1 near 34.56,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.19. Put-call skew flattened, suggesting a modestly bullish tone.