Mixed options sentiment in Pinduoduo with shares down 0.41%

Mixed options sentiment in Pinduoduo (PDD), with shares down 42c near $103.55. Options volume relatively light with 18k contracts traded and calls leading puts for a put/call ratio of 0.83, compared to a typical level near 1.5. Implied volatility (IV30) dropped 1.23 near 32.43,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.12. Put-call skew flattened, suggesting a modestly bullish tone.