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Mixed options sentiment in Tesla with shares down 0.88%

Mixed options sentiment in Tesla (TSLA), with shares down $3.94 near $445.02. Options volume relatively light with 1.07m contracts traded and calls leading puts for a put/call ratio of 0.68, compared to a typical level near 0.68. Implied volatility (IV30) is higher by 0.2 points near 47.58,in the bottom quartile of the past year, suggesting an expected daily move of $13.34. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Tesla (TSLA) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.

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