Option traders moderately bearish in Pinduoduo (PDD), with shares down $2.31 near $97.73. Options volume roughly in line with average with 49k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.64. Implied volatility (IV30) is higher by 2.2 points near 39.73,and above the 52wk median, suggesting an expected daily move of $2.45. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Arete.
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Read More on PDD:
- Pinduoduo call volume above normal and directionally bullish
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- PDD Holdings upgraded to Buy from Neutral at Arete
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