Moderately bullish activity in Pinduoduo (PDD), with shares up 10c, or 0.09%, near $100.27. Options volume relatively light with 26k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.93. Implied volatility (IV30) is higher by 0.3 points near 35.42,and below the 52wk median, suggesting an expected daily move of $2.24. Put-call skew steepened, indicating increased demand for downside protection.
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