Moderately bullish activity in Pinduoduo with shares up 0.65%

Moderately bullish activity in Pinduoduo (PDD), with shares up 64c, or 0.65%, near $98.67. Options volume relatively light with 20k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.62. Implied volatility (IV30) is higher by 4.0 points near 43.7,in the top quartile of the past year, suggesting an expected daily move of $2.72. Put-call skew flattened, suggesting a modestly bullish tone.