TSLA Options History — January 2016

In January 2016, TSLA traded between $12.54 and $14.91. ATM implied volatility averaged 51.8%, placing in the 71.7% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 11.6% (HV 20d: 40.2%). Max pain ranged from $13.33 to $16.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.13.

Notable Days

2016-01-14: Highest Volume — 1,717,350 contracts
2016-01-07: Largest IV spike — 14.0% change
2016-01-20: Highest IV Rank — 91.5%
2016-01-28: Largest Expected Move — 17.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.64	$12.54	$14.91	$14.87	$12.75
Max Pain	$14.61	$13.33	$16.00	$16.00	$13.33
ATM IV	51.8%	39.4%	58.2%	40.4%	55.7%
Expected Move	15.7%	13.5%	17.3%	13.7%	17.2%
HV 20d	40.2%	36.6%	44.0%	42.2%	36.9%
HV 60d	43.3%	40.7%	46.3%	46.0%	40.7%
IV Rank	71.7%	32.9%	91.5%	36.1%	83.8%
IV Percentile	84.5%	45.2%	98.8%	49.6%	95.2%
Term Structure	0.9%	-2.4%	8.5%	7.0%	-2.4%
VWIV	55.1%	47.8%	59.8%	49.6%	59.0%
Skew 25d	6.6%	4.3%	9.0%	7.3%	7.0%
Skew 10d	13.2%	9.0%	23.1%	10.6%	14.7%
Call IV 25d	49.1%	37.8%	55.2%	38.8%	53.2%
Put IV 25d	55.7%	42.4%	62.2%	46.2%	60.3%
Bid-Ask Spread %	31.35	18.82	42.92	34.95	22.50
Gamma HHI	0.07	0.04	0.14	0.04	0.05
Net GEX	-24.3M	-54.0M	-1.2M	-13.2M	-13.2M
Net DEX	673.5M	87.2M	1.25B	163.7M	728.3M
Net VEX	-11.1M	-11.5M	-10.7M	-10.8M	-11.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.13	0.85	1.44	1.00	1.17
Total Volume	1,047,866.053	682,995	1,717,350	1,370,820	853,305
Total OI	7,086,588.158	5,068,635	8,967,285	7,627,485	6,347,460

Daily Data (19 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
2016-01-04	$14.87	$16.00	40.4%	13.7%	42.2%	36.1%	49.6%	7.3%	7.0%	-13.2M	163.7M	-10.8M	1.00	34.95	N/A	N/A	686,910	683,910	3,192,945	4,434,540
2016-01-05	$14.91	$16.00	39.4%	13.5%	42.1%	32.9%	47.8%	4.6%	7.6%	-10.2M	87.2M	-11.1M	0.87	33.19	N/A	N/A	419,865	363,330	3,391,620	4,641,030
2016-01-06	$14.59	$16.00	39.6%	14.0%	42.6%	33.5%	49.5%	4.3%	8.1%	-25.2M	407.4M	-11.0M	0.85	33.70	N/A	N/A	486,465	414,975	3,456,885	4,734,915
2016-01-07	$14.40	$15.67	45.1%	15.0%	42.3%	50.8%	52.8%	5.6%	8.0%	-30.9M	599.0M	-11.5M	1.17	34.85	N/A	N/A	395,205	463,890	3,579,360	4,838,985
2016-01-08	$14.07	$15.33	45.2%	14.8%	42.9%	50.9%	51.6%	5.9%	8.5%	-51.8M	929.7M	-11.0M	1.27	36.09	N/A	N/A	518,220	657,675	3,624,405	4,932,135
2016-01-11	$13.87	$14.67	50.3%	15.1%	42.8%	67.0%	53.7%	5.0%	0.2%	-37.6M	849.2M	-10.8M	1.14	42.16	N/A	N/A	484,050	550,755	3,380,850	4,656,075
2016-01-12	$13.98	$14.67	50.2%	14.9%	40.4%	66.6%	52.0%	6.0%	0.6%	-31.7M	738.1M	-10.9M	1.03	37.91	N/A	N/A	385,920	399,420	3,493,800	4,762,590
2016-01-13	$13.37	$14.67	56.8%	16.0%	43.0%	87.2%	55.8%	9.0%	-0.6%	-54.0M	1.25B	-10.7M	1.27	42.92	N/A	N/A	484,200	614,175	3,563,040	4,810,140
2016-01-14	$13.75	$14.33	52.5%	15.0%	44.0%	73.6%	52.1%	6.8%	-0.6%	-39.5M	886.7M	-11.1M	1.20	36.00	N/A	N/A	781,470	935,880	3,724,545	5,002,230
2016-01-15	$13.65	$14.33	56.3%	15.9%	37.2%	85.5%	56.5%	8.7%	-1.8%	-28.0M	933.1M	-11.2M	1.23	41.59	N/A	N/A	639,555	788,445	3,874,560	5,092,725
2016-01-19	$13.68	$14.33	57.6%	16.5%	37.3%	89.7%	57.2%	6.9%	-2.2%	-8.2M	347.0M	-11.4M	1.43	34.87	N/A	N/A	411,405	588,630	2,208,915	2,859,720
2016-01-20	$13.25	$14.33	58.2%	16.7%	38.3%	91.5%	58.5%	6.8%	-2.4%	-19.3M	671.6M	-11.3M	0.99	29.16	N/A	N/A	562,470	556,800	2,342,130	3,058,800
2016-01-21	$13.36	$14.00	57.3%	16.5%	38.3%	88.7%	59.0%	8.1%	-2.4%	-10.9M	557.8M	-11.4M	0.99	25.61	N/A	N/A	505,245	498,465	2,476,995	3,155,895
2016-01-22	$13.47	$14.00	54.7%	15.9%	38.7%	80.5%	55.3%	6.8%	-2.3%	-1.2M	435.7M	-11.5M	1.40	26.12	N/A	N/A	444,705	624,240	2,589,645	3,326,190
2016-01-25	$13.11	$14.00	56.4%	16.8%	39.4%	86.0%	58.9%	7.7%	-1.8%	-15.5M	633.3M	-11.4M	1.23	22.09	N/A	N/A	305,940	377,055	2,346,240	3,098,550
2016-01-26	$12.88	$14.00	56.3%	16.6%	39.2%	85.6%	58.8%	6.7%	-1.9%	-20.1M	755.2M	-11.1M	1.44	22.49	N/A	N/A	443,310	636,615	2,427,720	3,191,385
2016-01-27	$12.54	$14.00	56.2%	17.0%	39.7%	85.3%	59.0%	6.0%	-1.9%	-27.9M	957.6M	-10.9M	0.98	20.60	N/A	N/A	392,070	383,145	2,542,500	3,387,510
2016-01-28	$12.64	$13.83	56.7%	17.3%	36.6%	86.8%	59.8%	6.5%	-1.7%	-22.9M	862.4M	-11.3M	0.86	18.82	N/A	N/A	630,945	540,795	2,646,405	3,451,740
2016-01-29	$12.75	$13.33	55.7%	17.2%	36.9%	83.8%	59.0%	7.0%	-2.4%	-13.2M	728.3M	-11.4M	1.17	22.50	N/A	N/A	393,450	459,855	2,798,400	3,549,060