Mixed options sentiment in Tesla (TSLA), with shares up $3.99, or 1.36%, near $297.93. Options volume relatively light with 378k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 0.87. Implied volatility (IV30) dropped 1.65 near 59.69,and below the 52wk median, suggesting an expected daily move of $11.20. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Market Perform at William Blair.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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