Option traders moderately bearish in Tesla (TSLA), with shares down 40c near $410.92. Options volume roughly in line with average with 1.85m contracts traded and puts leading calls for a put/call ratio of 1.02, compared to a typical level near 0.76. Implied volatility (IV30) dropped 0.46 near 41.99,in the lowest 10% of observations over the past year, suggesting an expected daily move of $10.87. Put-call skew steepened, indicating increased demand for downside protection.
Claim 55% Off TipRanks
New trading tool for TSLA bearsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLA:
- SpaceX Falcon 9 Launches 29 New Starlink Satellites as Investors Eye IPO Timeline
- Tesla Stock Pulled in Opposite Directions as Wall Street Sells and Retail Doubles Down
- Tesla Stock (NASDAQ:TSLA) Notches Up as Edmunds Tests the Model 3 Against the Model Y
- ‘$20 Billion Isn’t Much,’ Says Top Investor About Tesla Stock
- Notable open interest changes for February 19th