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Mixed options sentiment in NIO with shares up 6.48%

Mixed options sentiment in NIO (NIO), with shares up 44c, or 6.48%, near $7.14. Options volume roughly in line with average with 226k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.37. Implied volatility (IV30) dropped 2.33 near 79.09,and above the 52wk median, suggesting an expected daily move of $0.36. Put-call skew steepened, indicating increased demand for downside protection.

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