Moderately bullish activity in NIO with shares up 0.6%

Moderately bullish activity in NIO (NIO), with shares up 4c, or 0.6%, near $5.91. Options volume relatively light with 17k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.26. Implied volatility (IV30) dropped 0.28 near 61.8,and below the 52wk median, suggesting an expected daily move of $0.23. Put-call skew flattened, suggesting a modestly bullish tone.