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Moderately bullish activity in Tesla with shares down 0.26%

Moderately bullish activity in Tesla (TSLA), with shares down 85c near $328.80. Options volume relatively light with 630k contracts traded and calls leading puts for a put/call ratio of 0.65, compared to a typical level near 0.85. Implied volatility (IV30) is higher by 1.3 points near 55.41,in the bottom quartile of the past year, suggesting an expected daily move of $11.48. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Tesla (TSLA) will report earnings after the close on 2025-07-23.Option markets are pricing in a 50% probability of a move greater than 7.59% or $24.96.

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