Option traders moderately bearish in Tesla (TSLA), with shares down $12.07 near $317.06. Options volume relatively light with 1.36m contracts traded and calls leading puts for a put/call ratio of 0.89, compared to a typical level near 0.71. Implied volatility (IV30) is higher by 1.2 points near 63.31,and above the 52wk median, suggesting an expected daily move of $12.64. Put-call skew steepened, indicating increased demand for downside protection.
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