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NIO call volume above normal and directionally bullish

Bullish option flow detected in NIO (NIO) with 332,797 calls trading, 5x expected, and implied vol increasing over 1 point to 73.58%. 8/22 weekly 5.5 calls and Jan-26 8 calls are the most active options, with total volume in those strikes near 108,500 contracts. The Put/Call Ratio is 0.19. Earnings are expected on September 2nd.

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