Mixed options sentiment in Pinduoduo (PDD), with shares up $1.72, or 1.41%, near $123.41. Options volume roughly in line with average with 68k contracts traded and calls leading puts for a put/call ratio of 0.26, compared to a typical level near 0.59. Implied volatility (IV30) dropped 0.12 near 30.63,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.38. Put-call skew flattened, suggesting a modestly bullish tone.
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