Moderately bullish activity in NIO with shares down 2.3%

Moderately bullish activity in NIO (NIO), with shares down 12c near $4.88. Options volume relatively light with 53k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.34. Implied volatility (IV30) is higher by 1.9 points near 50.77,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.16. Put-call skew flattened, suggesting a modestly bullish tone.