Moderately bullish activity in NIO (NIO), with shares up 18c, or 4.03%, near $4.78. Options volume running well above average with 252k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.3. Implied volatility (IV30) is higher by 2.5 points near 58.79,in the bottom quartile of the past year, suggesting an expected daily move of $0.18. Put-call skew steepened, indicating increased demand for downside protection.
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