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NIO call volume above normal and directionally bullish

Bullish option flow detected in NIO with 71,510 calls trading, 1.6x expected, and implied vol increasing almost 6 points to 87.62%. 8/4 weekly 15 calls and 8/4 weekly 15 puts are the most active options, with total volume in those strikes near 21,500 contracts. The Put/Call Ratio is 0.45. Earnings are expected on August 16th.

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