TSLA Options History — May 2015

In May 2015, TSLA traded between $15.06 and $16.76. ATM implied volatility averaged 34.5%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 5.2% (HV 20d: 29.2%). Max pain ranged from $14.00 to $15.33. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.84.

Notable Days

2015-05-07: Highest Volume — 3,333,630 contracts
2015-05-07: Largest IV drop — 25.2% change
2015-05-05: Highest IV Rank — 43.2%
2015-05-01: Largest Expected Move — 16.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.15	$15.06	$16.76	$15.06	$16.72
Max Pain	$14.77	$14.00	$15.33	$14.00	$15.33
ATM IV	34.5%	29.1%	46.4%	46.3%	31.8%
Expected Move	9.8%	8.3%	16.8%	16.8%	8.7%
HV 20d	29.2%	16.6%	37.7%	37.7%	16.6%
HV 60d	34.4%	31.7%	36.8%	36.5%	31.7%
IV Rank	13.2%	0.0%	43.2%	42.9%	8.2%
IV Percentile	16.5%	0.0%	68.7%	66.7%	5.6%
Term Structure	0.0%	-3.1%	2.4%	-2.3%	1.4%
VWIV	35.1%	29.5%	59.7%	59.7%	31.0%
Skew 25d	2.8%	1.2%	5.3%	4.0%	1.5%
Skew 10d	5.5%	3.2%	8.8%	8.1%	3.4%
Call IV 25d	33.7%	28.4%	45.7%	45.7%	31.0%
Put IV 25d	36.5%	30.6%	50.0%	49.7%	32.5%
Bid-Ask Spread %	10.45	6.34	35.13	11.83	8.26
Gamma HHI	0.09	0.05	0.22	0.05	0.10
Net GEX	60.3M	23.8M	110.0M	23.8M	59.2M
Net DEX	-1.96B	-2.66B	-1.31B	-1.31B	-2.24B
Net VEX	-16.9M	-17.7M	-16.4M	-17.2M	-16.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.84	0.58	1.12	1.10	0.71
Total Volume	1,527,717.75	886,275	3,333,630	2,275,755	1,341,030
Total OI	9,079,634.25	8,225,895	10,147,290	9,471,300	9,075,510

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
2015-05-01	$15.06	$14.00	46.3%	16.8%	37.7%	42.9%	59.7%	4.0%	-2.3%	23.8M	-1.31B	-17.2M	1.10	11.83	N/A	N/A	1,083,960	1,191,795	4,337,055	5,134,245
2015-05-04	$15.37	$14.00	45.6%	12.0%	32.1%	41.1%	42.1%	4.1%	-1.9%	37.7M	-1.51B	-17.2M	1.12	10.56	N/A	N/A	481,845	538,590	3,859,065	4,800,180
2015-05-05	$15.53	$14.33	46.4%	12.1%	31.9%	43.2%	43.5%	3.6%	-2.1%	40.1M	-1.67B	-17.5M	0.78	12.10	N/A	N/A	665,955	517,545	3,991,560	5,017,395
2015-05-06	$15.41	$14.33	46.3%	12.3%	31.7%	43.0%	43.7%	5.3%	-3.1%	36.8M	-1.50B	-17.7M	1.01	35.13	N/A	N/A	888,225	897,975	4,099,695	5,126,535
2015-05-07	$15.78	$14.67	34.6%	10.0%	32.3%	12.3%	35.6%	3.4%	-0.2%	77.2M	-1.99B	-17.1M	0.96	11.44	N/A	N/A	1,702,770	1,630,860	4,383,165	5,462,850
2015-05-08	$15.77	$14.67	32.9%	9.6%	32.3%	9.4%	34.2%	3.1%	0.3%	82.9M	-2.03B	-16.7M	0.68	8.40	N/A	N/A	1,178,610	805,005	4,494,330	5,652,960
2015-05-11	$15.97	$14.67	34.2%	9.8%	32.1%	13.6%	34.9%	2.6%	0.0%	63.3M	-1.98B	-16.7M	0.73	10.53	N/A	N/A	820,725	598,650	3,937,395	5,005,965
2015-05-12	$16.31	$14.67	33.8%	9.7%	31.9%	12.3%	34.9%	2.7%	0.0%	83.5M	-2.40B	-17.2M	0.76	11.27	N/A	N/A	970,800	737,880	4,050,090	5,118,015
2015-05-13	$16.23	$14.67	33.1%	9.3%	32.2%	9.9%	33.3%	2.5%	-0.9%	77.5M	-2.19B	-17.3M	0.83	11.02	N/A	N/A	786,810	649,500	4,149,990	5,282,265
2015-05-14	$16.27	$14.67	31.6%	9.1%	31.9%	5.2%	32.7%	2.5%	0.0%	75.5M	-2.17B	-16.9M	0.85	9.94	N/A	N/A	618,915	526,680	4,185,870	5,398,230
2015-05-15	$16.58	$14.67	31.1%	8.9%	31.9%	3.6%	31.6%	2.5%	-0.3%	110.0M	-2.66B	-16.8M	0.58	7.76	N/A	N/A	1,410,810	815,670	4,202,640	5,464,395
2015-05-18	$16.58	$15.00	30.9%	8.8%	31.5%	2.9%	31.6%	2.6%	0.4%	59.1M	-2.14B	-16.8M	0.89	6.46	N/A	N/A	618,180	548,430	3,625,170	4,600,725
2015-05-19	$16.48	$15.00	30.1%	8.6%	31.8%	0.5%	31.0%	2.4%	0.3%	47.8M	-1.96B	-16.8M	0.94	9.77	N/A	N/A	553,050	521,475	3,777,765	4,812,870
2015-05-20	$16.29	$15.00	29.9%	8.6%	28.6%	0.0%	30.6%	2.4%	0.5%	26.7M	-1.65B	-16.9M	1.00	10.38	N/A	N/A	719,085	716,145	3,837,510	4,917,705
2015-05-21	$16.38	$15.00	29.1%	8.3%	28.4%	0.0%	29.5%	2.0%	0.6%	39.2M	-1.81B	-16.4M	0.82	6.40	N/A	N/A	580,425	476,490	3,897,870	5,004,120
2015-05-22	$16.50	$15.00	29.1%	8.3%	28.3%	0.0%	29.7%	2.2%	0.5%	93.9M	-2.02B	-16.8M	1.00	7.44	N/A	N/A	648,420	649,890	3,977,160	5,094,045
2015-05-26	$16.51	$15.00	30.6%	8.8%	20.7%	4.7%	31.0%	2.6%	2.1%	48.2M	-1.92B	-16.6M	0.75	6.35	N/A	N/A	664,575	495,240	3,641,550	4,728,645
2015-05-27	$16.50	$15.33	30.3%	8.6%	20.4%	3.7%	30.3%	2.3%	2.3%	46.6M	-1.86B	-16.7M	0.71	6.34	N/A	N/A	518,175	368,100	3,776,325	4,874,925
2015-05-28	$16.76	$15.33	31.3%	8.8%	20.8%	6.6%	31.2%	1.2%	2.4%	77.2M	-2.24B	-16.7M	0.60	7.69	N/A	N/A	1,010,400	605,670	3,837,630	4,959,270
2015-05-29	$16.72	$15.33	31.8%	8.7%	16.6%	8.2%	31.0%	1.5%	1.4%	59.2M	-2.24B	-16.4M	0.71	8.26	N/A	N/A	784,230	556,800	3,995,235	5,080,275