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NIO call volume above normal and directionally bullish

Bullish option flow detected in NIO (NIO) with 86,722 calls trading, 2x expected, and implied vol increasing almost 2 points to 83.14%. 7/25 weekly 5 calls and 7/25 weekly 5.5 calls are the most active options, with total volume in those strikes near 19,700 contracts. The Put/Call Ratio is 0.40. Earnings are expected on September 4th.

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