Moderately bullish activity in XPeng (XPEV), with shares up 66c, or 3.18%, near $21.59. Options volume relatively light with 34k contracts traded and calls leading puts for a put/call ratio of 0.19, compared to a typical level near 0.27. Implied volatility (IV30) dropped 5.82 near 56.38,in the bottom quartile of the past year, suggesting an expected daily move of $0.77. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Daiwa.
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