TSLA Options History — March 2013

In March 2013, TSLA traded between $2.31 and $2.61. ATM implied volatility averaged 35.8%, placing in the 6.8% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded below realized volatility by 12.0% (HV 20d: 47.8%). Max pain ranged from $2.40 to $3.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.71.

Notable Days

2013-03-05: Highest Volume — 420,270 contracts
2013-03-25: Largest IV spike — 15.1% change
2013-03-25: Highest IV Rank — 15.1%
2013-03-25: Largest Expected Move — 11.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.47	$2.31	$2.61	$2.31	$2.53
Max Pain	$2.95	$2.40	$3.00	$2.40	$2.67
ATM IV	35.8%	32.3%	39.5%	35.2%	38.3%
Expected Move	10.2%	9.4%	11.3%	10.1%	11.0%
HV 20d	47.8%	35.1%	57.0%	50.3%	35.1%
HV 60d	37.7%	35.6%	38.9%	36.1%	38.6%
IV Rank	6.8%	0.0%	15.1%	3.5%	12.6%
IV Percentile	6.4%	0.0%	18.3%	2.8%	15.9%
Term Structure	8.9%	0.9%	11.6%	0.9%	8.9%
VWIV	35.3%	30.9%	40.5%	36.5%	40.5%
Skew 25d	2.2%	-0.9%	4.1%	4.1%	-0.9%
Skew 10d	3.7%	0.6%	6.5%	5.8%	0.6%
Call IV 25d	35.5%	32.2%	41.3%	35.9%	41.3%
Put IV 25d	37.7%	34.5%	40.6%	40.0%	40.4%
Bid-Ask Spread %	17.09	8.14	31.09	8.14	16.43
Gamma HHI	0.13	0.09	0.26	0.11	0.12
Net GEX	789.7K	-2.6M	5.2M	-1.0M	1.6M
Net DEX	16.7M	-68.9M	80.6M	39.3M	12.4M
Net VEX	-1.2M	-1.3M	-1.1M	-1.2M	-1.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.21	1.76	1.76	0.59
Total Volume	199,563.75	33,015	420,270	92,400	240,585
Total OI	3,540,993.75	2,897,205	3,946,470	3,634,935	3,698,400

Daily Data (20 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
2013-03-01	$2.31	$2.40	35.2%	10.1%	50.3%	3.5%	36.5%	4.1%	0.9%	-1.0M	39.3M	-1.2M	1.76	8.14	N/A	N/A	33,510	58,890	1,698,075	1,936,860
2013-03-04	$2.37	$3.00	37.5%	10.7%	50.7%	8.4%	33.3%	4.0%	9.0%	-717.4K	20.2M	-1.2M	1.09	18.18	N/A	N/A	58,680	63,690	1,712,550	1,977,930
2013-03-05	$2.44	$3.00	38.9%	10.6%	51.8%	11.6%	32.4%	3.4%	8.3%	218.4K	-7.1M	-1.2M	0.46	22.97	N/A	N/A	286,935	133,335	1,725,480	2,019,765
2013-03-06	$2.51	$3.00	35.6%	10.1%	52.8%	4.4%	36.0%	4.1%	8.9%	2.1M	-11.8M	-1.2M	0.37	18.90	N/A	N/A	130,935	48,180	1,776,555	2,092,890
2013-03-07	$2.55	$3.00	35.7%	10.2%	52.1%	4.6%	35.6%	2.3%	8.2%	2.6M	-34.3M	-1.2M	0.25	14.72	N/A	N/A	144,810	36,120	1,780,290	2,095,785
2013-03-08	$2.56	$3.00	32.3%	9.8%	52.0%	0.0%	34.1%	1.8%	9.0%	3.7M	-36.6M	-1.2M	0.47	15.00	N/A	N/A	70,950	33,525	1,786,725	2,106,270
2013-03-11	$2.61	$3.00	35.1%	9.7%	52.4%	5.9%	34.5%	1.5%	8.8%	5.2M	-68.9M	-1.2M	0.83	23.11	N/A	N/A	45,225	37,740	1,792,080	2,111,595
2013-03-12	$2.61	$3.00	33.4%	9.4%	51.8%	2.2%	32.1%	1.8%	9.2%	5.2M	-55.6M	-1.2M	0.21	14.29	N/A	N/A	291,915	60,390	1,774,710	2,124,285
2013-03-13	$2.60	$3.00	33.5%	9.5%	51.5%	2.6%	30.9%	2.8%	9.6%	4.5M	-40.2M	-1.2M	0.45	15.42	N/A	N/A	79,725	36,090	1,763,085	2,166,975
2013-03-14	$2.46	$3.00	34.1%	9.8%	55.1%	3.8%	34.4%	2.5%	8.9%	-2.0M	33.0M	-1.2M	1.38	18.55	N/A	N/A	84,795	117,015	1,727,190	2,163,765
2013-03-15	$2.35	$3.00	35.8%	10.3%	57.0%	7.3%	35.6%	1.7%	10.6%	-2.6M	80.6M	-1.1M	1.73	31.09	N/A	N/A	146,895	253,890	1,748,835	2,197,635
2013-03-18	$2.34	$3.00	35.6%	10.2%	56.0%	7.0%	35.7%	1.1%	10.2%	-1.2M	73.1M	-1.2M	0.60	11.73	N/A	N/A	82,875	49,830	1,292,100	1,605,105
2013-03-19	$2.34	$3.00	35.4%	10.2%	51.1%	6.5%	36.3%	1.1%	9.4%	-1.4M	70.7M	-1.2M	0.56	23.48	N/A	N/A	56,220	31,485	1,329,870	1,624,590
2013-03-20	$2.40	$3.00	35.2%	10.1%	51.9%	6.1%	36.6%	2.6%	11.1%	-1.0M	59.2M	-1.2M	0.58	14.60	N/A	N/A	156,045	90,780	1,334,775	1,642,905
2013-03-21	$2.40	$3.00	36.3%	10.4%	40.0%	8.5%	36.0%	3.0%	9.7%	-606.6K	71.4M	-1.2M	0.67	12.41	N/A	N/A	63,690	42,540	1,377,150	1,691,625
2013-03-22	$2.44	$3.00	34.3%	9.8%	39.4%	4.1%	34.3%	2.3%	9.5%	-825.1K	54.6M	-1.2M	0.90	15.52	N/A	N/A	17,400	15,615	1,413,810	1,718,535
2013-03-25	$2.50	$3.00	39.5%	11.3%	35.5%	15.1%	37.7%	2.0%	10.0%	-294.2K	29.3M	-1.2M	0.30	21.07	N/A	N/A	227,925	69,495	1,421,595	1,724,910
2013-03-26	$2.52	$3.00	37.2%	10.7%	35.5%	10.3%	37.3%	0.4%	6.1%	862.9K	24.5M	-1.3M	0.69	11.51	N/A	N/A	159,330	109,290	1,496,670	1,758,750
2013-03-27	$2.54	$2.93	37.7%	10.8%	35.1%	11.5%	36.3%	1.8%	11.6%	1.4M	21.1M	-1.3M	0.23	14.64	N/A	N/A	264,315	60,615	1,588,845	1,820,910
2013-03-28	$2.53	$2.67	38.3%	11.0%	35.1%	12.6%	40.5%	-0.9%	8.9%	1.6M	12.4M	-1.3M	0.59	16.43	N/A	N/A	151,485	89,100	1,839,225	1,859,175