Moderately bullish activity in NIO (NIO), with shares down 40c near $4.62. Options volume roughly in line with average with 126k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.39. Implied volatility (IV30) is higher by 1.7 points near 75.25,and above the 52wk median, suggesting an expected daily move of $0.22. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Outperform at Macquarie.
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