TSLA Options History — January 2018

In January 2018, TSLA traded between $20.95 and $23.65. ATM implied volatility averaged 38.5%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 6.5% (HV 20d: 32.0%). Max pain ranged from $20.00 to $22.67. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.85.

Notable Days

2018-01-04: Highest Volume — 4,396,200 contracts
2018-01-29: Largest IV spike — 9.2% change
2018-01-29: Highest IV Rank — 71.9%
2018-01-29: Largest Expected Move — 14.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.57	$20.95	$23.65	$21.36	$23.65
Max Pain	$21.89	$20.00	$22.67	$20.00	$22.67
ATM IV	38.5%	31.3%	46.5%	35.3%	45.4%
Expected Move	11.7%	10.0%	14.9%	10.7%	14.8%
HV 20d	32.0%	30.2%	37.2%	32.1%	30.2%
HV 60d	33.9%	29.6%	34.8%	34.1%	29.6%
IV Rank	35.9%	3.7%	71.9%	21.7%	67.3%
IV Percentile	52.9%	2.0%	93.7%	35.3%	91.7%
Term Structure	0.6%	-1.4%	2.7%	1.9%	-1.1%
VWIV	41.2%	35.9%	51.4%	38.0%	51.2%
Skew 25d	2.7%	1.6%	4.2%	2.5%	3.9%
Skew 10d	6.0%	2.9%	9.5%	5.0%	9.4%
Call IV 25d	37.6%	30.7%	44.3%	34.8%	43.8%
Put IV 25d	40.3%	32.3%	48.3%	37.2%	47.7%
Bid-Ask Spread %	21.07	10.69	43.27	17.75	21.37
Gamma HHI	0.07	0.03	0.54	0.04	0.04
Net GEX	76.5M	-46.2M	362.5M	17.7M	115.5M
Net DEX	-2.63B	-5.10B	-470.5M	-1.65B	-2.71B
Net VEX	-35.6M	-38.2M	-32.6M	-33.5M	-38.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.85	0.69	1.26	1.26	0.77
Total Volume	2,486,411.429	1,368,990	4,396,200	1,458,060	2,073,690
Total OI	15,676,969.286	10,832,595	18,942,030	16,767,765	12,311,100

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
2018-01-02	$21.36	$20.00	35.3%	10.7%	32.1%	21.7%	38.0%	2.5%	1.9%	17.7M	-1.65B	-33.5M	1.26	17.75	N/A	N/A	645,825	812,235	6,639,660	10,128,105
2018-01-03	$21.16	$20.00	34.5%	10.4%	32.2%	17.9%	37.2%	2.5%	0.7%	4.2M	-1.22B	-33.3M	1.16	15.95	N/A	N/A	683,040	789,825	6,808,755	10,363,425
2018-01-04	$20.95	$21.33	32.2%	10.4%	32.4%	7.4%	37.2%	1.8%	0.9%	-28.6M	-650.8M	-33.0M	0.94	14.79	N/A	N/A	2,266,395	2,129,805	6,966,795	10,554,210
2018-01-05	$21.10	$21.67	31.3%	10.2%	30.6%	3.7%	36.0%	1.6%	1.5%	38.9M	-1.21B	-32.6M	0.98	28.26	N/A	N/A	1,381,410	1,355,970	7,425,780	11,203,440
2018-01-08	$22.41	$21.67	33.7%	10.4%	37.2%	14.5%	37.8%	2.4%	2.3%	97.0M	-3.75B	-34.5M	0.89	13.74	N/A	N/A	2,010,870	1,787,565	6,690,480	10,550,445
2018-01-09	$22.26	$21.67	33.1%	10.2%	37.2%	11.9%	36.3%	2.2%	2.6%	89.8M	-3.38B	-34.7M	0.88	22.81	N/A	N/A	1,353,630	1,189,125	6,983,910	10,974,015
2018-01-10	$22.32	$21.67	33.9%	10.4%	34.2%	15.4%	36.9%	1.8%	2.5%	94.2M	-3.44B	-35.2M	0.76	20.35	N/A	N/A	1,012,005	765,660	7,109,865	11,125,665
2018-01-11	$22.53	$21.67	33.7%	10.0%	31.8%	14.5%	35.9%	1.7%	1.6%	164.7M	-4.11B	-35.3M	0.81	17.57	N/A	N/A	1,924,080	1,567,335	7,299,000	11,303,805
2018-01-12	$22.43	$21.67	34.8%	10.5%	31.7%	19.2%	37.2%	1.8%	2.7%	66.4M	-3.50B	-35.3M	0.74	43.27	N/A	N/A	1,853,025	1,379,175	7,404,270	11,537,760
2018-01-16	$22.68	$21.67	37.3%	10.8%	31.9%	30.7%	38.1%	2.1%	2.7%	102.5M	-3.85B	-34.9M	0.74	20.03	N/A	N/A	1,498,935	1,104,810	6,882,120	10,831,455
2018-01-17	$23.14	$22.00	39.1%	11.2%	32.1%	38.6%	39.5%	2.3%	1.2%	154.3M	-4.89B	-35.4M	0.86	13.86	N/A	N/A	1,421,400	1,225,470	7,112,280	11,055,060
2018-01-18	$22.95	$22.00	39.1%	11.1%	31.9%	38.5%	39.6%	2.8%	1.3%	82.9M	-4.12B	-36.0M	0.81	35.52	N/A	N/A	1,495,590	1,204,950	7,230,240	11,368,785
2018-01-19	$23.33	$22.33	40.4%	11.5%	31.1%	44.3%	41.0%	2.8%	0.4%	362.5M	-5.10B	-36.4M	0.76	33.35	N/A	N/A	1,775,415	1,356,075	7,268,505	11,556,105
2018-01-22	$23.44	$22.33	41.5%	12.0%	30.9%	49.7%	42.8%	3.3%	-1.1%	73.5M	-2.25B	-35.6M	0.80	15.86	N/A	N/A	1,078,230	858,870	4,229,730	6,602,865
2018-01-23	$23.52	$22.33	42.8%	12.3%	30.8%	55.2%	43.6%	3.0%	-1.0%	72.8M	-2.50B	-37.5M	0.83	14.23	N/A	N/A	881,850	734,400	4,572,180	6,931,335
2018-01-24	$23.07	$22.33	42.4%	12.0%	30.7%	53.7%	43.0%	3.4%	-1.2%	26.0M	-1.59B	-36.8M	0.74	20.02	N/A	N/A	1,161,855	854,430	4,711,530	7,109,910
2018-01-25	$22.48	$22.67	43.6%	13.3%	31.0%	59.0%	46.6%	4.2%	-1.4%	-46.2M	-470.5M	-36.7M	0.93	22.71	N/A	N/A	1,392,150	1,296,975	4,898,940	7,282,485
2018-01-26	$22.84	$22.67	42.6%	13.2%	30.2%	54.3%	46.0%	3.6%	-1.0%	6.7M	-1.17B	-37.1M	0.73	22.35	N/A	N/A	1,581,885	1,161,540	5,086,305	7,473,345
2018-01-29	$23.31	$22.67	46.5%	14.9%	30.7%	71.9%	51.4%	4.1%	-1.3%	59.6M	-2.05B	-37.4M	0.69	17.98	N/A	N/A	1,053,150	727,005	4,604,115	7,019,595
2018-01-30	$23.08	$22.67	45.0%	14.6%	30.5%	65.4%	49.5%	3.9%	-1.1%	52.6M	-1.62B	-38.2M	0.88	10.69	N/A	N/A	728,355	640,635	4,801,440	7,207,545
2018-01-31	$23.65	$22.67	45.4%	14.8%	30.2%	67.3%	51.2%	3.9%	-1.1%	115.5M	-2.71B	-38.1M	0.77	21.37	N/A	N/A	1,174,830	898,860	4,936,860	7,374,240