Moderately bullish activity in XPeng with shares up 0.72%

Moderately bullish activity in XPeng (XPEV), with shares up 14c, or 0.72%, near $20.23. Options volume relatively light with 18k contracts traded and calls leading puts for a put/call ratio of 0.55, compared to a typical level near 0.28. Implied volatility (IV30) dropped 3.38 near 61.58,and below the 52wk median, suggesting an expected daily move of $0.78. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Daiwa.