Option traders moderately bearish in Tesla (TSLA), with shares down $9.18 near $394.14. Options volume roughly in line with average with 1.48m contracts traded and calls leading puts for a put/call ratio of 0.82, compared to a typical level near 0.8. Implied volatility (IV30) is higher by 1.6 points near 44.05,in the lowest 10% of observations over the past year, suggesting an expected daily move of $10.94. Put-call skew steepened, indicating increased demand for downside protection.
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