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NIO call volume above normal and directionally bullish

Bullish option flow detected in NIO (NIO) with 74,819 calls trading, 4x expected, and implied vol increasing over 4 points to 69.70%. May-26 7 calls and May-26 6.5 calls are the most active options, with total volume in those strikes near 22,600 contracts. The Put/Call Ratio is 0.19. Earnings are expected on May 21st.

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