Mixed options sentiment in Tesla (TSLA), with shares down $3.42 near $347.42. Options volume roughly in line with average with 1.23m contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.68. Implied volatility (IV30) is higher by 0.2 points near 47.45,in the bottom quartile of the past year, suggesting an expected daily move of $10.38. Put-call skew steepened, indicating increased demand for downside protection.
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