Moderately bullish activity in NIO (NIO), with shares up 4c, or 0.7%, near $5.04. Options volume relatively light with 90k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.32. Implied volatility (IV30) dropped 2.06 near 55.0,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.17. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Freedom Capital.
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