Tesla (TSLA) weekly call volume increases on Musk to make product announcement today

August 23, 2016 11:44 AM EDT

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Tesla (NASDAQ: TSLA) August weekly 230 and 240 calls are active on total call volume of 21K contracts (13K puts) after CEO Elon Musk said in a tweet, "Tesla product announcement at noon California time today." August weekly call option implied volatility is at 37, September is at 30, October is at 31; compared to its 52-week range of 29 to 93.

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