Moderately bullish activity in Tesla with shares up 5.18%

Moderately bullish activity in Tesla (TSLA), with shares up $17.88, or 5.18%, near $363.01. Options volume more than double the daily average with 4.79m contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.76. Implied volatility (IV30) is higher by 0.1 points near 40.67,in the lowest 10% of observations over the past year, suggesting an expected daily move of $9.30. Put-call skew steepened, indicating increased demand for downside protection.

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