Moderately bullish activity in Tesla with shares up 0.47%

Moderately bullish activity in Tesla (TSLA), with shares up $1.55, or 0.47%, near $333.67. Options volume relatively light with 575k contracts traded and calls leading puts for a put/call ratio of 0.89, compared to a typical level near 0.83. Implied volatility (IV30) dropped 0.35 near 55.67,and below the 52wk median, suggesting an expected daily move of $11.70. Put-call skew flattened, suggesting a modestly bullish tone.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 8.15% or $27.20.