Moderately bullish activity in NIO with shares up 0.64%

Moderately bullish activity in NIO (NIO), with shares up 4c, or 0.64%, near $7.08. Options volume relatively light with 137k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.37. Implied volatility (IV30) is higher by 1.8 points near 69.85,and below the 52wk median, suggesting an expected daily move of $0.31. Put-call skew steepened, indicating increased demand for downside protection.