Tesla (TSLA) weekly option implied volatility increases

Tesla (NASDAQ: TSLA) August weekly call option implied volatility is at 88, September is at 66; compared to its 52-week range of 32 to 71. Call put ratio 1 call to 1.43 puts with focus on August 300 and 305 puts after Reuters reported that Saudi Arabia's PIF is in talks to invest in an aspiring Tesla rival and after JPMorgan reduced it's price target to $195 from $308.

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