Mixed options sentiment in Tesla (TSLA), with shares up $3.02, or 0.75%, near $404.27. Options volume relatively light with 1.62m contracts traded and calls leading puts for a put/call ratio of 0.65, compared to a typical level near 0.66. Implied volatility (IV30) dropped 0.55 near 54.14,and below the 52wk median, suggesting an expected daily move of $13.79. Put-call skew steepened, indicating increased demand for downside protection.
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