TSLA Options History — January 2015

In January 2015, TSLA traded between $12.79 and $14.62. ATM implied volatility averaged 46.1%, placing in the 33.1% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 9.4% (HV 20d: 36.7%). Max pain ranged from $13.33 to $14.67. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.11.

Notable Days

2015-01-14: Highest Volume — 2,808,345 contracts
2015-01-14: Largest IV spike — 15.3% change
2015-01-28: Highest IV Rank — 45.2%
2015-01-30: Largest Expected Move — 15.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.55	$12.79	$14.62	$14.62	$13.57
Max Pain	$14.02	$13.33	$14.67	$14.67	$13.67
ATM IV	46.1%	38.4%	52.0%	38.4%	51.3%
Expected Move	14.3%	12.7%	15.8%	12.7%	15.8%
HV 20d	36.7%	30.4%	42.2%	39.0%	36.9%
HV 60d	40.8%	36.2%	45.1%	44.3%	37.2%
IV Rank	33.1%	17.3%	45.2%	17.3%	43.6%
IV Percentile	48.9%	27.8%	62.7%	27.8%	59.1%
Term Structure	0.4%	-2.6%	6.5%	0.8%	-1.6%
VWIV	50.4%	46.9%	54.8%	47.4%	54.8%
Skew 25d	6.5%	4.5%	8.6%	7.4%	5.9%
Skew 10d	13.4%	9.5%	16.7%	13.3%	12.5%
Call IV 25d	43.4%	35.8%	48.9%	35.8%	48.9%
Put IV 25d	49.9%	43.2%	56.2%	43.2%	54.8%
Bid-Ask Spread %	27.56	16.77	35.94	24.76	24.84
Gamma HHI	0.06	0.04	0.17	0.17	0.05
Net GEX	-8.9M	-43.2M	19.2M	-27.9M	-1.6M
Net DEX	169.0M	-512.7M	1.14B	-512.7M	-59.6M
Net VEX	-12.4M	-13.2M	-11.2M	-12.8M	-13.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.11	0.72	1.48	1.14	1.00
Total Volume	1,501,083.75	791,310	2,808,345	2,188,185	1,472,685
Total OI	9,606,342.75	6,122,280	12,800,490	11,714,985	7,328,400

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
2015-01-02	$14.62	$14.67	38.4%	12.7%	39.0%	17.3%	47.4%	7.4%	0.8%	-27.9M	-512.7M	-12.8M	1.14	24.76	N/A	N/A	1,023,240	1,164,945	4,825,815	6,889,170
2015-01-05	$14.01	$14.67	42.9%	13.8%	41.6%	26.5%	48.7%	7.0%	0.4%	-13.9M	-13.6M	-12.2M	1.33	29.36	N/A	N/A	588,900	784,155	4,597,155	6,654,705
2015-01-06	$14.09	$14.67	43.4%	14.1%	41.2%	27.4%	50.5%	4.5%	-1.4%	-12.9M	-103.2M	-12.7M	1.15	30.23	N/A	N/A	700,560	805,605	4,720,200	6,787,815
2015-01-07	$14.06	$14.67	42.7%	14.0%	38.0%	26.0%	52.0%	5.7%	0.8%	-4.9M	-139.4M	-12.8M	1.28	31.18	N/A	N/A	433,995	557,670	4,901,070	6,895,455
2015-01-08	$14.05	$14.33	41.3%	13.7%	37.5%	23.1%	48.2%	5.3%	-0.6%	-3.6M	-107.7M	-12.6M	1.35	30.92	N/A	N/A	544,515	735,015	4,973,115	6,990,855
2015-01-09	$13.79	$14.33	40.4%	13.5%	36.1%	21.4%	47.4%	5.4%	0.5%	-12.7M	309.9M	-12.2M	1.25	28.73	N/A	N/A	880,200	1,099,005	5,047,185	7,125,555
2015-01-12	$13.49	$14.33	42.4%	14.0%	36.8%	25.5%	48.9%	7.7%	6.5%	-20.8M	442.0M	-11.6M	1.14	35.13	N/A	N/A	826,110	941,205	4,772,370	6,811,440
2015-01-13	$13.62	$14.00	40.0%	13.2%	37.0%	20.6%	46.9%	5.2%	6.2%	-13.1M	208.9M	-12.1M	1.06	34.11	N/A	N/A	591,105	626,805	5,024,445	6,942,465
2015-01-14	$12.84	$14.00	46.2%	14.3%	42.2%	33.1%	51.3%	5.2%	3.5%	-43.2M	1.14B	-11.2M	1.18	35.94	N/A	N/A	1,289,280	1,519,065	5,084,205	7,037,085
2015-01-15	$12.79	$14.00	48.4%	14.4%	40.9%	37.6%	50.7%	7.1%	3.4%	-35.2M	1.06B	-11.6M	1.48	16.77	N/A	N/A	688,470	1,016,235	5,368,620	7,297,725
2015-01-16	$12.87	$14.00	45.4%	13.6%	38.3%	31.6%	49.7%	7.0%	3.6%	-14.5M	907.1M	-11.7M	1.33	35.74	N/A	N/A	648,180	863,700	5,429,760	7,370,730
2015-01-20	$12.80	$14.00	48.9%	14.2%	30.4%	38.8%	50.4%	6.4%	-1.3%	-11.6M	582.1M	-11.4M	1.17	24.68	N/A	N/A	549,885	645,750	2,828,520	3,293,760
2015-01-21	$13.10	$13.67	50.0%	14.3%	32.0%	41.1%	50.5%	6.6%	-1.2%	-3.6M	284.4M	-12.1M	1.06	24.20	N/A	N/A	628,695	664,935	2,965,095	3,462,000
2015-01-22	$13.44	$13.33	48.4%	13.9%	33.1%	37.8%	48.7%	6.8%	-0.7%	7.6M	-60.4M	-12.5M	0.97	20.98	N/A	N/A	741,555	715,875	3,095,685	3,574,335
2015-01-23	$13.40	$13.50	48.8%	14.2%	33.1%	38.5%	49.4%	6.5%	-2.3%	-9.9M	-52.1M	-12.6M	0.97	18.43	N/A	N/A	795,240	774,120	3,244,545	3,715,110
2015-01-26	$13.77	$13.50	49.6%	14.8%	34.9%	40.2%	52.0%	7.2%	-2.0%	13.7M	-262.2M	-13.1M	0.72	23.31	N/A	N/A	673,485	481,665	3,051,105	3,424,740
2015-01-27	$13.73	$13.67	50.9%	15.3%	33.3%	42.7%	53.4%	8.4%	-2.6%	14.5M	-238.4M	-13.2M	0.73	27.82	N/A	N/A	457,770	333,540	3,169,575	3,542,640
2015-01-28	$13.28	$13.67	52.0%	15.6%	34.8%	45.2%	53.7%	6.7%	-2.2%	-2.7M	197.3M	-12.7M	0.77	27.41	N/A	N/A	681,270	526,950	3,242,325	3,605,670
2015-01-29	$13.68	$13.67	51.3%	15.6%	36.9%	43.5%	54.3%	8.6%	-1.7%	19.2M	-200.4M	-13.2M	1.06	26.72	N/A	N/A	754,140	796,155	3,335,040	3,701,370
2015-01-30	$13.57	$13.67	51.3%	15.8%	36.9%	43.6%	54.8%	5.9%	-1.6%	-1.6M	-59.6M	-13.2M	1.00	24.84	N/A	N/A	735,315	737,370	3,444,855	3,883,545