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NIO call volume above normal and directionally bullish

Bullish option flow detected in NIO (NIO) with 54,220 calls trading, 2x expected, and implied vol increasing almost 2 points to 74.20%. 11/7 weekly 7.5 calls and Nov-25 8.5 calls are the most active options, with total volume in those strikes near 14,300 contracts. The Put/Call Ratio is 0.23. Earnings are expected on November 19th.

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