Moderately bullish activity in NIO with shares up 3.44%

Moderately bullish activity in NIO (NIO), with shares up 16c, or 3.44%, near $4.67. Options volume roughly in line with average with 67k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.4. Implied volatility (IV30) is higher by 2.7 points near 72.97,and above the 52wk median, suggesting an expected daily move of $0.21. Put-call skew steepened, indicating increased demand for downside protection.