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Mixed options sentiment in Pinduoduo with shares up 0.22%

Mixed options sentiment in Pinduoduo (PDD), with shares up 26c, or 0.22%, near $121.23. Options volume roughly in line with average with 39k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 2.06. Implied volatility (IV30) dropped 0.1 near 29.02,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.22. Put-call skew steepened, indicating increased demand for downside protection.

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