Option traders moderately bearish in Pinduoduo (PDD), with shares down $1.21 near $113.05. Options volume relatively light with 12k contracts traded and puts leading calls for a put/call ratio of 1.48, compared to a typical level near 0.79. Implied volatility (IV30) is higher by 0.1 points near 45.16,and above the 52wk median, suggesting an expected daily move of $3.22. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Pinduoduo (PDD) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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