TSLA Options History — July 2012

In July 2012, TSLA traded between $1.82 and $2.40. ATM implied volatility averaged 59.1%, placing in the 43.3% IV rank vs the trailing year. The 30-day expected move averaged 17.3%. IV traded above realized volatility by 7.7% (HV 20d: 51.4%). Max pain ranged from $1.93 to $2.13. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.94.

Notable Days

2012-07-25: Highest Volume — 278,235 contracts
2012-07-26: Largest IV drop — 22.1% change
2012-07-25: Highest IV Rank — 72.2%
2012-07-25: Largest Expected Move — 21.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.07	$1.82	$2.40	$2.03	$1.83
Max Pain	$2.02	$1.93	$2.13	$2.07	$1.93
ATM IV	59.1%	51.8%	73.3%	55.7%	58.7%
Expected Move	17.3%	14.9%	21.0%	16.0%	16.8%
HV 20d	51.4%	46.4%	58.5%	51.9%	58.0%
HV 60d	55.9%	52.9%	60.0%	54.1%	59.9%
IV Rank	43.3%	28.5%	72.2%	36.4%	42.5%
IV Percentile	66.0%	34.1%	96.8%	55.2%	65.1%
Term Structure	-1.0%	-8.7%	6.5%	6.5%	-0.6%
VWIV	61.2%	51.7%	75.0%	55.9%	58.1%
Skew 25d	8.8%	6.3%	13.5%	8.2%	7.6%
Skew 10d	17.4%	11.6%	24.3%	14.8%	13.1%
Call IV 25d	56.7%	50.1%	67.7%	52.1%	56.7%
Put IV 25d	65.5%	56.4%	81.2%	60.3%	64.3%
Bid-Ask Spread %	23.67	12.58	51.02	14.80	12.58
Gamma HHI	0.11	0.09	0.17	0.10	0.09
Net GEX	1.1M	-270.6K	2.9M	691.5K	-270.6K
Net DEX	-23.5M	-105.8M	25.6M	-10.2M	25.6M
Net VEX	-608.6K	-664.0K	-505.4K	-626.4K	-505.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.94	0.12	2.43	0.71	1.35
Total Volume	78,592.857	16,350	278,235	53,460	167,295
Total OI	1,800,000.714	1,524,495	1,965,960	1,744,530	1,858,650

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2012-07-02	$2.03	$2.07	55.7%	16.0%	51.9%	36.4%	55.9%	8.2%	6.5%	691.5K	-10.2M	-626.4K	0.71	14.80	N/A	N/A	31,260	22,200	1,003,980	740,550
2012-07-03	$2.04	$2.07	53.2%	15.3%	51.9%	31.2%	55.6%	7.0%	6.5%	776.4K	-14.1M	-632.8K	0.34	18.41	N/A	N/A	17,835	6,075	1,016,565	748,845
2012-07-05	$2.08	$2.07	53.7%	15.4%	49.9%	32.2%	57.0%	7.3%	5.7%	986.9K	-23.4M	-649.5K	2.09	16.48	N/A	N/A	7,005	14,670	1,029,315	753,045
2012-07-06	$2.07	$2.00	53.1%	17.0%	49.8%	31.0%	60.9%	9.9%	0.2%	957.2K	-21.5M	-639.0K	2.43	25.71	N/A	N/A	4,770	11,580	1,033,500	749,535
2012-07-09	$2.10	$2.00	55.3%	17.3%	48.3%	35.6%	62.1%	9.7%	-0.5%	1.1M	-27.7M	-634.6K	0.53	26.08	N/A	N/A	14,145	7,515	1,033,680	758,790
2012-07-10	$2.08	$2.00	54.8%	17.4%	46.7%	34.6%	57.6%	11.2%	1.3%	1.1M	-26.4M	-636.0K	0.49	27.22	N/A	N/A	14,265	7,020	1,039,785	761,910
2012-07-11	$2.10	$2.00	53.5%	17.0%	46.4%	31.8%	62.0%	9.7%	-1.3%	1.2M	-28.8M	-633.5K	0.31	26.02	N/A	N/A	18,270	5,670	1,041,750	765,615
2012-07-12	$2.18	$2.00	60.1%	17.2%	47.9%	45.4%	58.6%	7.8%	-2.2%	1.6M	-48.5M	-654.1K	0.12	25.70	N/A	N/A	55,575	6,660	1,033,125	764,010
2012-07-13	$2.28	$2.00	58.4%	16.7%	49.6%	41.8%	58.8%	8.0%	-2.4%	2.3M	-76.0M	-664.0K	0.33	29.03	N/A	N/A	41,670	13,680	1,046,475	763,605
2012-07-16	$2.40	$2.00	58.1%	16.7%	51.6%	41.3%	58.2%	7.0%	-2.6%	2.9M	-105.8M	-660.1K	0.55	29.75	N/A	N/A	71,895	39,510	1,057,275	762,285
2012-07-17	$2.22	$2.00	60.5%	17.4%	55.8%	46.2%	60.9%	7.2%	-2.6%	2.6M	-63.6M	-651.2K	0.68	38.92	N/A	N/A	61,470	42,060	1,094,610	776,250
2012-07-18	$2.14	$2.07	62.3%	17.8%	57.4%	49.7%	63.2%	9.8%	-0.5%	2.3M	-38.9M	-628.2K	0.78	37.44	N/A	N/A	44,565	34,560	1,160,160	787,770
2012-07-19	$2.15	$2.07	61.8%	17.7%	54.2%	48.8%	61.0%	8.3%	-3.3%	2.7M	-41.0M	-625.2K	1.19	51.02	N/A	N/A	21,015	25,080	1,174,755	784,560
2012-07-20	$2.12	$2.13	62.0%	17.8%	51.7%	49.2%	68.6%	8.9%	-3.6%	2.2M	-28.7M	-602.3K	2.03	19.41	N/A	N/A	26,370	53,535	1,174,200	791,760
2012-07-23	$2.04	$2.13	68.9%	19.8%	49.7%	63.4%	70.3%	10.1%	-7.1%	550.0K	-13.5M	-589.7K	1.08	14.81	N/A	N/A	25,170	27,060	874,860	649,635
2012-07-24	$1.99	$2.07	67.3%	19.3%	50.1%	60.0%	69.5%	10.5%	-5.9%	417.5K	-4.8M	-573.9K	0.73	15.70	N/A	N/A	60,420	43,950	890,790	667,665
2012-07-25	$1.93	$1.93	73.3%	21.0%	48.6%	72.2%	75.0%	13.5%	-8.7%	296.2K	4.0M	-554.0K	1.33	18.90	N/A	N/A	119,250	158,985	919,200	699,675
2012-07-26	$1.88	$1.93	57.1%	16.4%	49.0%	39.2%	57.9%	7.8%	0.2%	-153.8K	21.7M	-531.3K	1.80	16.33	N/A	N/A	56,820	102,120	994,965	802,215
2012-07-27	$1.97	$1.93	51.8%	14.9%	52.4%	28.5%	51.7%	6.3%	2.3%	-8.4K	2.7M	-552.4K	0.40	15.83	N/A	N/A	82,710	33,405	1,014,435	845,640
2012-07-30	$1.82	$1.93	61.5%	17.6%	58.5%	48.1%	63.0%	9.8%	-1.7%	-253.8K	24.7M	-537.8K	0.57	16.89	N/A	N/A	33,945	19,395	1,071,780	862,800
2012-07-31	$1.83	$1.93	58.7%	16.8%	58.0%	42.5%	58.1%	7.6%	-0.6%	-270.6K	25.6M	-505.4K	1.35	12.58	N/A	N/A	71,220	96,075	1,051,530	807,120