TSLA Options History — April 2018

In April 2018, TSLA traded between $16.82 and $20.29. ATM implied volatility averaged 58.5%, placing in the 71.1% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded below realized volatility by 7.3% (HV 20d: 65.7%). Max pain ranged from $20.00 to $21.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.14.

Notable Days

2018-04-05: Highest Volume — 5,578,320 contracts
2018-04-03: Largest IV drop — 8.6% change
2018-04-02: Highest IV Rank — 100.0%
2018-04-02: Largest Expected Move — 20.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.32	$16.82	$20.29	$16.82	$19.51
Max Pain	$20.16	$20.00	$21.00	$21.00	$20.00
ATM IV	58.5%	54.3%	69.8%	69.8%	54.7%
Expected Move	16.6%	15.0%	20.5%	20.5%	17.4%
HV 20d	65.7%	51.0%	71.0%	54.3%	51.0%
HV 60d	50.9%	46.1%	52.1%	46.1%	52.0%
IV Rank	71.1%	60.6%	100.0%	100.0%	61.4%
IV Percentile	96.0%	91.3%	100.0%	100.0%	91.7%
Term Structure	-1.6%	-2.7%	0.4%	0.4%	-1.4%
VWIV	58.9%	54.7%	72.1%	72.1%	64.0%
Skew 25d	14.1%	11.3%	22.3%	22.3%	12.3%
Skew 10d	31.3%	20.1%	47.1%	47.1%	29.0%
Call IV 25d	52.2%	48.5%	61.9%	61.9%	48.5%
Put IV 25d	66.3%	60.7%	84.1%	84.1%	60.7%
Bid-Ask Spread %	13.22	5.71	22.16	17.60	8.89
Gamma HHI	0.05	0.03	0.28	0.05	0.03
Net GEX	-32.5M	-174.7M	40.8M	-60.1M	-23.1M
Net DEX	1.74B	-889.5M	4.39B	4.39B	1.46B
Net VEX	-42.9M	-45.3M	-34.5M	-34.5M	-42.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.14	0.95	1.34	1.34	1.32
Total Volume	2,723,462.143	1,280,490	5,578,320	3,603,915	1,280,490
Total OI	17,430,883.571	15,100,965	19,206,105	15,100,965	16,064,400

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
2018-04-02	$16.82	$21.00	69.8%	20.5%	54.3%	100.0%	72.1%	22.3%	0.4%	-60.1M	4.39B	-34.5M	1.34	17.60	N/A	N/A	1,541,100	2,062,815	5,973,240	9,127,725
2018-04-03	$17.82	$20.67	63.8%	16.4%	60.0%	84.8%	58.5%	19.4%	-1.7%	-35.3M	3.24B	-37.0M	1.15	22.16	N/A	N/A	1,796,700	2,063,970	6,481,455	9,646,890
2018-04-04	$19.18	$20.67	60.5%	15.0%	67.0%	76.3%	55.5%	16.6%	-1.4%	12.2M	1.22B	-41.8M	1.08	10.11	N/A	N/A	2,105,085	2,264,790	6,840,750	10,176,030
2018-04-05	$20.29	$20.00	61.1%	16.3%	70.4%	77.9%	59.9%	16.4%	-2.1%	40.8M	-889.5M	-44.0M	0.98	15.37	N/A	N/A	2,811,180	2,767,140	6,957,495	10,641,525
2018-04-06	$19.97	$20.00	61.1%	16.5%	70.5%	77.8%	60.2%	15.8%	-1.9%	-22.7M	30.3M	-44.6M	0.95	21.70	N/A	N/A	2,729,040	2,590,545	7,235,505	11,302,200
2018-04-09	$19.39	$20.00	62.5%	17.1%	71.0%	81.4%	59.4%	13.8%	-2.7%	-24.9M	1.66B	-43.0M	1.06	15.90	N/A	N/A	1,277,355	1,351,125	6,509,850	10,539,105
2018-04-10	$20.24	$20.00	60.0%	16.5%	69.7%	75.1%	57.9%	13.2%	-2.2%	8.2M	271.6M	-45.2M	1.22	16.56	N/A	N/A	1,133,625	1,380,750	6,781,290	10,901,790
2018-04-11	$20.10	$20.00	55.1%	15.7%	69.7%	62.7%	56.6%	12.2%	-0.3%	-12.8M	822.2M	-44.9M	1.30	10.72	N/A	N/A	893,085	1,157,325	6,889,740	11,249,865
2018-04-12	$19.81	$20.00	55.6%	15.8%	68.3%	63.8%	54.7%	11.3%	-0.3%	-35.4M	1.56B	-45.3M	1.13	11.34	N/A	N/A	1,008,645	1,138,710	7,010,400	11,425,065
2018-04-13	$20.01	$20.00	55.3%	15.6%	68.5%	63.0%	56.4%	12.1%	-1.6%	-12.2M	1.03B	-44.8M	1.15	13.52	N/A	N/A	1,536,210	1,768,350	7,175,835	11,559,405
2018-04-16	$19.43	$20.33	58.9%	16.8%	69.0%	72.1%	57.9%	12.7%	-2.0%	-58.0M	2.40B	-44.4M	1.12	16.20	N/A	N/A	1,000,980	1,119,030	6,606,810	11,283,960
2018-04-17	$19.13	$20.33	57.6%	16.4%	68.7%	68.8%	56.8%	12.4%	-2.0%	-68.0M	2.83B	-42.6M	1.24	14.39	N/A	N/A	916,065	1,139,565	6,805,440	11,468,460
2018-04-18	$19.52	$20.33	55.1%	15.8%	69.2%	62.7%	56.5%	12.2%	-1.1%	-49.5M	2.16B	-43.8M	1.05	6.54	N/A	N/A	1,146,735	1,208,595	6,948,330	11,657,565
2018-04-19	$20.04	$20.00	54.4%	15.6%	69.4%	60.6%	55.0%	12.8%	-1.3%	3.7M	1.02B	-44.5M	1.07	17.39	N/A	N/A	1,170,105	1,247,205	7,102,290	11,910,495
2018-04-20	$19.38	$20.00	57.0%	16.5%	69.9%	67.4%	58.6%	12.8%	-1.5%	-174.7M	2.62B	-43.6M	1.00	8.23	N/A	N/A	1,420,665	1,417,545	7,147,335	12,058,770
2018-04-23	$18.88	$20.00	58.6%	17.3%	70.0%	71.5%	61.3%	13.7%	-2.0%	-46.8M	2.42B	-42.9M	1.15	6.08	N/A	N/A	793,035	912,105	5,660,730	10,263,030
2018-04-24	$18.88	$20.00	58.1%	17.2%	69.9%	70.1%	59.6%	13.5%	-2.0%	-42.9M	2.40B	-43.1M	1.17	13.46	N/A	N/A	753,075	877,575	5,821,410	10,484,085
2018-04-25	$18.65	$20.00	57.8%	17.2%	63.0%	69.5%	59.3%	13.9%	-1.7%	-55.7M	2.70B	-41.9M	1.18	5.71	N/A	N/A	620,385	733,230	5,911,125	10,646,655
2018-04-26	$19.01	$20.00	56.0%	16.7%	55.7%	64.7%	58.9%	13.1%	-2.3%	-40.0M	2.20B	-43.0M	1.23	10.62	N/A	N/A	695,160	855,150	5,963,880	10,802,700
2018-04-27	$19.59	$20.00	54.3%	16.5%	55.5%	60.6%	58.0%	12.7%	-2.4%	15.7M	1.02B	-42.9M	0.99	15.20	N/A	N/A	1,261,335	1,247,130	6,090,645	10,925,280
2018-04-30	$19.51	$20.00	54.7%	17.4%	51.0%	61.4%	64.0%	12.3%	-1.4%	-23.1M	1.46B	-42.4M	1.32	8.89	N/A	N/A	551,955	728,535	5,619,105	10,445,295