Mixed options sentiment in Pinduoduo with shares up 0.62%

Mixed options sentiment in Pinduoduo (PDD), with shares up 64c, or 0.62%, near $102.73. Options volume relatively light with 24k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.88. Implied volatility (IV30) dropped 0.32 near 35.12,and below the 52wk median, suggesting an expected daily move of $2.27. Put-call skew flattened, suggesting a modestly bullish tone.