Moderately bullish activity in Pinduoduo with shares up 3.72%

Moderately bullish activity in Pinduoduo (PDD), with shares up $4.28, or 3.72%, near $119.31. Options volume nearly triple the daily average with 142k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.72. Implied volatility (IV30) dropped 0.17 near 40.38,and below the 52wk median, suggesting an expected daily move of $3.03. Put-call skew flattened, suggesting a modestly bullish tone.