Mixed options sentiment in Pinduoduo (PDD), with shares up 2c, or 0.02%, near $114.22. Options volume roughly in line with average with 57k contracts traded and puts leading calls for a put/call ratio of 1.81, compared to a typical level near 0.73. Implied volatility (IV30) dropped 0.36 near 45.02,and below the 52wk median, suggesting an expected daily move of $3.24. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Pinduoduo (PDD) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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