Mixed options sentiment in Pinduoduo with shareslittle changed

Mixed options sentiment in Pinduoduo (PDD), with shares down 4c near $104.97. Options volume relatively light with 15k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 1.42. Implied volatility (IV30) is higher by 4.0 points near 33.87,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.24. Put-call skew steepened, indicating increased demand for downside protection.