NIO call volume above normal and directionally bullish

Bullish option flow detected in NIO with 48,140 calls trading, 3x expected, and implied vol increasing over 3 points to 67.54%. Nov-24 6 calls and 9/13 weekly 5.5 calls are the most active options, with total volume in those strikes near 19,200 contracts. The Put/Call Ratio is 0.29. Earnings are expected on November 14th.