Moderately bullish activity in Tesla (TSLA), with shares up $12.79, or 4.19%, near $318.09. Options volume more than double the daily average with 4.56m contracts traded and calls leading puts for a put/call ratio of 0.89, compared to a typical level near 0.84. Implied volatility (IV30) dropped 0.18 near 46.29,in the lowest 10% of observations over the past year, suggesting an expected daily move of $9.28. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at China Renaissance.
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