Tesla Time

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After the close today, the earnings announcement highlight is none other than Tesla (symbol TSLA)

slopechart TSLA

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.

slopechart TSLA

This is also illustrated by the IV Rank, which is dragging along near the 0-mark.

slopechart TSLA

The point being that, relative to its history, the premium on TSLA options is fairly cheap.