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NIO call volume above normal and directionally bullish

Bullish option flow detected in NIO with 27,318 calls trading, 1.0x expected, and implied vol increasing over 1 point to 70.19%. Oct-23 9 calls and Oct-23 8.5 calls are the most active options, with total volume in those strikes near 9,300 contracts. The Put/Call Ratio is 0.53. Earnings are expected on November 9th.

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