Moderately bullish activity in Pinduoduo with shares up 0.83%

Moderately bullish activity in Pinduoduo (PDD), with shares up 84c, or 0.83%, near $103.23. Options volume relatively light with 57k contracts traded and calls leading puts for a put/call ratio of 0.55, compared to a typical level near 0.85. Implied volatility (IV30) is higher by 0.0 points near 36.33,in the bottom quartile of the past year, suggesting an expected daily move of $2.36. Put-call skew steepened, indicating increased demand for downside protection.