Mixed options sentiment in Pinduoduo (PDD), with shares up $3.90, or 3.84%, near $105.42. Options volume relatively light with 39k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 1.55. Implied volatility (IV30) dropped 1.07 near 35.54,and below the 52wk median, suggesting an expected daily move of $2.36. Put-call skew steepened, indicating increased demand for downside protection.
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