TSLA Options History — December 2013

In December 2013, TSLA traded between $8.28 and $10.37. ATM implied volatility averaged 50.8%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded below realized volatility by 26.9% (HV 20d: 77.6%). Max pain ranged from $8.00 to $8.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.71.

Notable Days

2013-12-03: Highest Volume — 6,501,075 contracts
2013-12-26: Largest IV spike — 5.9% change
2013-12-02: Highest IV Rank — 16.2%
2013-12-02: Largest Expected Move — 17.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.65	$8.28	$10.37	$8.28	$10.03
Max Pain	$8.00	$8.00	$8.00	$8.00	$8.00
ATM IV	50.8%	47.1%	55.3%	55.3%	50.5%
Expected Move	16.6%	16.1%	17.4%	17.4%	16.1%
HV 20d	77.6%	67.8%	100.5%	86.5%	70.4%
HV 60d	70.7%	63.2%	72.4%	63.2%	70.4%
IV Rank	13.0%	10.4%	16.2%	16.2%	12.8%
IV Percentile	31.4%	22.2%	46.0%	46.0%	29.4%
Term Structure	4.7%	0.7%	12.2%	1.8%	11.6%
VWIV	57.7%	55.5%	60.0%	58.7%	57.5%
Skew 25d	3.5%	2.0%	6.5%	6.5%	2.9%
Skew 10d	6.5%	1.4%	13.0%	13.0%	5.9%
Call IV 25d	49.9%	46.8%	53.2%	53.2%	49.3%
Put IV 25d	53.4%	49.3%	59.7%	59.7%	52.2%
Bid-Ask Spread %	8.70	3.93	11.80	3.93	8.94
Gamma HHI	0.06	0.04	0.09	0.04	0.07
Net GEX	24.8M	-4.8M	49.2M	244.2K	18.9M
Net DEX	-1.28B	-2.07B	-67.4M	-67.4M	-965.3M
Net VEX	-11.6M	-12.2M	-10.5M	-10.5M	-11.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.53	0.88	0.88	0.85
Total Volume	2,210,132.143	955,965	6,501,075	1,478,805	1,031,595
Total OI	12,917,987.857	10,041,765	14,676,315	12,855,270	10,256,085

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
2013-12-02	$8.28	$8.00	55.3%	17.4%	86.5%	16.2%	58.7%	6.5%	1.8%	244.2K	-67.4M	-10.5M	0.88	3.93	N/A	N/A	786,540	692,265	6,120,120	6,735,150
2013-12-03	$9.65	$8.00	53.5%	17.1%	100.2%	14.9%	59.4%	4.8%	1.2%	29.5M	-1.78B	-12.1M	0.78	8.65	N/A	N/A	3,656,730	2,844,345	6,282,645	6,885,150
2013-12-04	$9.26	$8.00	54.0%	17.0%	100.5%	15.3%	60.0%	3.9%	2.5%	23.4M	-1.23B	-12.0M	0.70	7.98	N/A	N/A	1,718,400	1,206,180	6,655,515	7,575,375
2013-12-05	$9.37	$8.00	52.4%	16.8%	84.9%	14.1%	57.1%	3.4%	2.8%	35.9M	-1.41B	-12.2M	0.63	7.63	N/A	N/A	1,281,300	808,455	6,850,050	7,723,470
2013-12-06	$9.16	$8.00	52.9%	17.3%	80.6%	14.5%	58.7%	3.9%	3.2%	4.6M	-936.8M	-11.9M	0.77	8.04	N/A	N/A	1,350,000	1,043,775	6,885,240	7,791,075
2013-12-09	$9.44	$8.00	51.4%	17.2%	81.2%	13.4%	59.7%	3.8%	3.3%	18.3M	-1.23B	-12.0M	0.80	8.35	N/A	N/A	1,160,025	927,645	6,214,005	7,071,345
2013-12-10	$9.48	$8.00	49.9%	17.2%	79.3%	12.4%	59.4%	3.3%	3.4%	23.9M	-1.33B	-12.0M	0.77	7.28	N/A	N/A	1,162,380	895,140	6,399,330	7,316,265
2013-12-11	$9.31	$8.00	49.1%	17.0%	77.6%	11.9%	58.9%	2.8%	3.3%	11.9M	-997.2M	-11.7M	0.82	7.21	N/A	N/A	759,075	621,180	6,486,390	7,527,765
2013-12-12	$9.83	$8.00	52.0%	16.7%	79.9%	13.9%	58.0%	4.1%	1.6%	43.6M	-1.91B	-12.1M	0.68	9.97	N/A	N/A	1,595,370	1,092,555	6,605,385	7,589,610
2013-12-13	$9.84	$8.00	49.5%	16.4%	79.8%	12.1%	55.9%	3.6%	1.4%	48.2M	-1.95B	-12.1M	0.61	10.64	N/A	N/A	1,955,505	1,193,775	6,738,795	7,716,990
2013-12-16	$9.86	$8.00	50.5%	16.3%	79.5%	12.8%	56.2%	4.5%	7.0%	27.9M	-1.60B	-11.8M	0.85	7.58	N/A	N/A	703,260	598,710	6,239,490	7,243,440
2013-12-17	$10.16	$8.00	49.9%	16.1%	67.8%	12.4%	58.1%	4.4%	8.6%	40.5M	-2.07B	-12.0M	0.61	8.71	N/A	N/A	1,504,755	925,185	6,338,205	7,349,415
2013-12-18	$9.87	$8.00	49.3%	16.3%	68.6%	12.0%	57.3%	2.2%	8.2%	26.9M	-1.56B	-11.7M	0.63	9.92	N/A	N/A	1,285,815	805,080	6,499,170	7,498,110
2013-12-19	$9.38	$8.00	51.0%	16.2%	69.7%	13.2%	56.5%	2.3%	1.0%	-4.8M	-590.7M	-11.0M	0.72	10.22	N/A	N/A	1,788,990	1,292,910	6,432,600	7,529,760
2013-12-20	$9.55	$8.00	49.2%	16.3%	69.7%	11.9%	57.6%	3.1%	1.3%	17.8M	-839.5M	-11.2M	0.66	10.15	N/A	N/A	1,060,215	698,850	6,662,325	7,712,430
2013-12-23	$9.57	$8.00	47.6%	16.2%	69.6%	10.8%	56.9%	2.0%	11.5%	17.1M	-771.5M	-10.9M	0.56	9.79	N/A	N/A	687,255	382,305	4,881,195	5,320,965
2013-12-24	$10.09	$8.00	47.1%	16.1%	71.2%	10.4%	55.5%	2.8%	12.2%	43.1M	-1.45B	-11.2M	0.53	11.80	N/A	N/A	1,411,995	752,910	4,982,175	5,419,365
2013-12-26	$10.37	$8.00	49.9%	16.1%	71.2%	12.4%	57.6%	3.7%	0.7%	49.2M	-1.71B	-11.4M	0.73	8.33	N/A	N/A	1,217,730	886,920	5,057,940	5,557,470
2013-12-27	$10.07	$8.00	50.6%	16.1%	71.0%	12.9%	56.2%	2.7%	0.7%	19.9M	-1.23B	-11.4M	0.66	8.57	N/A	N/A	1,005,900	665,790	5,164,290	5,921,880
2013-12-30	$10.16	$8.00	50.3%	16.1%	71.0%	12.7%	56.6%	3.6%	11.8%	24.1M	-1.16B	-11.3M	0.74	9.08	N/A	N/A	550,020	405,945	4,725,465	5,316,300
2013-12-31	$10.03	$8.00	50.5%	16.1%	70.4%	12.8%	57.5%	2.9%	11.6%	18.9M	-965.3M	-11.2M	0.85	8.94	N/A	N/A	558,135	473,460	4,804,935	5,451,150