NIO call volume above normal and directionally bullish

Bullish option flow detected in NIO with 30,305 calls trading, 1.5x expected, and implied vol increasing almost 3 points to 70.44%. Sep-24 5.5 puts and Sep-24 6 calls are the most active options, with total volume in those strikes near 11,000 contracts. The Put/Call Ratio is 0.39. Earnings are expected on November 14th.