After the close today, the earnings announcement highlight is none other than Tesla (symbol TSLA).
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Tesla has a well-earned reputation as a crazy stock, but lately, it’s become relatively placid. Take a look at the implied volatility, and you can see how it has withered away steadily all year long.
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This is also illustrated by the IV Rank, which is dragging along near the 0-mark.
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The point being that, relative to its history, the premium on TSLA options is fairly cheap.
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