Moderately bullish activity in NIO (NIO), with shares up 18c, or 2.88%, near $6.25. Options volume roughly in line with average with 197k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.38. Implied volatility (IV30) is higher by 4.4 points near 77.02,and above the 52wk median, suggesting an expected daily move of $0.30. Put-call skew steepened, indicating increased demand for downside protection.
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