Bullish flow in Pinduoduo (PDD), with shares up $1.75, or 1.69%, near $105.34. Options volume relatively light with 23k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 1.47. Implied volatility (IV30) is higher by 1.8 points near 34.27,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.27. Put-call skew flattened, suggesting a modestly bullish tone.
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