Moderately bullish activity in Tesla with shares up 3.81%

Moderately bullish activity in Tesla (TSLA), with shares up $11.84, or 3.81%, near $322.62. Options volume roughly in line with average with 2.03m contracts traded and calls leading puts for a put/call ratio of 0.81, compared to a typical level near 0.85. Implied volatility (IV30) dropped 0.7 near 54.88,in the bottom quartile of the past year, suggesting an expected daily move of $11.15. 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 6.42% or $20.72.