Moderately bullish activity in NIO (NIO), with shares up 0c, or 0.15%, near $3.44. Options volume running well above average with 58k contracts traded and calls leading puts for a put/call ratio of 0.15, compared to a typical level near 0.46. Implied volatility (IV30) is higher by 0.2 points near 53.65,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.12. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Neutral at Goldman Sachs.
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