Moderately bullish activity in Pinduoduo with shares up 0.52%

Moderately bullish activity in Pinduoduo (PDD), with shares up 56c, or 0.52%, near $107.72. Options volume relatively light with 23k contracts traded and calls leading puts for a put/call ratio of 0.25, compared to a typical level near 1.53. Implied volatility (IV30) dropped 0.89 near 34.27,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.33. Put-call skew flattened, suggesting a modestly bullish tone.