TSLA Options History — May 2018

In May 2018, TSLA traded between $18.35 and $20.41. ATM implied volatility averaged 43.6%, placing in the 32.5% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 1.4% (HV 20d: 42.2%). Max pain ranged from $20.00 to $21.33. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.98.

Notable Days

2018-05-03: Highest Volume — 5,721,150 contracts
2018-05-03: Largest IV drop — 13.1% change
2018-05-01: Highest IV Rank — 57.5%
2018-05-02: Largest Expected Move — 17.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.33	$18.35	$20.41	$19.98	$19.04
Max Pain	$20.77	$20.00	$21.33	$20.00	$20.67
ATM IV	43.6%	39.4%	53.1%	53.1%	39.4%
Expected Move	12.7%	11.1%	17.7%	17.1%	11.1%
HV 20d	42.2%	40.4%	47.8%	47.8%	41.8%
HV 60d	51.0%	50.2%	53.7%	52.2%	50.8%
IV Rank	32.5%	21.5%	57.5%	57.5%	21.5%
IV Percentile	66.9%	47.2%	90.5%	90.5%	47.2%
Term Structure	0.2%	-1.7%	1.5%	-1.0%	1.5%
VWIV	45.4%	39.8%	62.8%	59.9%	39.8%
Skew 25d	8.0%	5.7%	12.6%	12.1%	5.7%
Skew 10d	17.9%	11.5%	26.5%	26.5%	11.5%
Call IV 25d	40.3%	36.8%	47.6%	47.6%	36.8%
Put IV 25d	48.3%	42.5%	60.2%	59.7%	42.5%
Bid-Ask Spread %	8.13	4.90	14.78	11.68	6.08
Gamma HHI	0.05	0.03	0.15	0.03	0.03
Net GEX	-38.1M	-185.9M	74.4M	-9.4M	-4.6M
Net DEX	1.73B	-58.4M	4.17B	878.4M	1.63B
Net VEX	-43.2M	-46.1M	-41.4M	-43.3M	-42.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.98	0.75	1.42	1.42	0.98
Total Volume	2,625,418.636	1,478,400	5,721,150	1,478,400	2,415,690
Total OI	18,801,181.364	16,391,010	20,606,130	16,391,010	19,332,195

Daily Data (22 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
2018-05-01	$19.98	$20.00	53.1%	17.1%	47.8%	57.5%	59.9%	12.1%	-1.0%	-9.4M	878.4M	-43.3M	1.42	11.68	N/A	N/A	610,635	867,765	5,741,160	10,649,850
2018-05-02	$20.19	$20.00	53.0%	17.7%	40.7%	57.3%	62.8%	12.6%	-1.7%	3.4M	515.6M	-43.7M	1.20	8.19	N/A	N/A	1,449,960	1,747,020	5,985,435	11,014,275
2018-05-03	$18.91	$21.33	46.1%	13.1%	42.2%	39.6%	48.1%	10.2%	0.2%	-106.1M	3.12B	-41.4M	1.18	11.92	N/A	N/A	2,627,340	3,093,810	6,627,015	11,724,900
2018-05-04	$19.67	$21.33	43.1%	12.5%	44.6%	31.9%	44.8%	9.4%	0.5%	74.4M	895.3M	-43.2M	0.79	7.25	N/A	N/A	2,426,130	1,905,855	7,049,205	12,145,560
2018-05-07	$20.22	$21.33	43.0%	12.3%	44.3%	31.8%	44.4%	8.1%	-0.3%	21.7M	208.5M	-44.1M	0.75	14.78	N/A	N/A	1,643,025	1,224,510	6,304,185	11,414,400
2018-05-08	$20.22	$21.00	43.0%	12.3%	41.6%	31.0%	46.7%	7.8%	-0.0%	43.5M	34.0M	-44.5M	1.09	8.12	N/A	N/A	1,092,960	1,188,945	6,637,845	11,759,115
2018-05-09	$20.41	$21.00	41.7%	12.0%	41.7%	27.5%	43.5%	7.2%	0.1%	39.7M	-58.4M	-46.1M	1.06	9.53	N/A	N/A	905,025	963,165	6,755,625	12,152,160
2018-05-10	$20.37	$21.00	40.5%	11.6%	41.3%	24.3%	41.3%	6.8%	0.0%	40.4M	20.1M	-45.9M	0.82	9.29	N/A	N/A	1,235,250	1,007,100	6,896,430	12,343,725
2018-05-11	$20.07	$21.00	39.7%	11.5%	41.5%	22.5%	44.3%	6.4%	0.6%	-45.7M	899.9M	-45.5M	0.78	8.71	N/A	N/A	1,624,800	1,262,460	6,984,675	12,531,495
2018-05-14	$19.49	$21.00	41.8%	12.0%	41.5%	27.9%	43.0%	7.2%	0.4%	-67.2M	1.94B	-42.9M	0.98	7.25	N/A	N/A	1,119,000	1,093,890	6,613,920	12,021,075
2018-05-15	$18.85	$20.67	45.4%	13.0%	42.9%	37.0%	47.2%	8.5%	0.6%	-123.0M	3.31B	-42.4M	1.12	9.43	N/A	N/A	1,403,505	1,576,200	6,923,355	12,365,730
2018-05-16	$19.12	$20.67	43.5%	12.5%	42.6%	32.0%	44.1%	7.7%	0.1%	-107.7M	2.67B	-43.1M	0.92	7.06	N/A	N/A	1,050,555	967,890	7,237,095	12,706,950
2018-05-17	$19.00	$20.67	43.2%	12.4%	41.4%	31.4%	42.4%	7.8%	0.4%	-123.1M	2.89B	-42.5M	0.96	8.45	N/A	N/A	953,325	915,510	7,387,815	12,918,960
2018-05-18	$18.43	$20.67	45.2%	13.0%	41.1%	36.6%	45.1%	8.0%	-0.3%	-185.9M	4.17B	-41.6M	0.99	9.23	N/A	N/A	1,915,785	1,901,190	7,555,950	13,050,180
2018-05-21	$18.91	$20.67	43.3%	12.3%	41.2%	31.6%	44.7%	7.9%	0.1%	-46.6M	2.02B	-42.7M	0.98	6.01	N/A	N/A	1,275,075	1,243,755	6,189,555	11,446,440
2018-05-22	$18.35	$20.67	44.6%	12.9%	42.6%	35.1%	45.4%	7.9%	0.0%	-79.1M	2.93B	-41.7M	1.15	4.90	N/A	N/A	1,184,100	1,363,320	6,478,935	11,724,630
2018-05-23	$18.52	$20.67	43.0%	12.4%	42.6%	31.0%	44.2%	7.3%	0.3%	-66.8M	2.60B	-42.4M	0.82	4.93	N/A	N/A	1,012,305	825,465	6,815,460	12,053,880
2018-05-24	$18.53	$20.67	42.7%	12.2%	41.9%	30.2%	42.5%	7.3%	0.3%	-57.8M	2.52B	-42.4M	0.99	6.60	N/A	N/A	878,685	871,710	7,072,530	12,152,085
2018-05-25	$18.60	$20.67	40.8%	11.5%	40.4%	25.1%	41.4%	6.4%	0.4%	-46.1M	2.38B	-42.2M	0.96	6.98	N/A	N/A	1,148,280	1,102,335	7,206,060	12,311,010
2018-05-29	$18.92	$20.67	42.1%	12.0%	40.9%	28.6%	42.8%	6.7%	1.1%	-25.6M	1.77B	-42.2M	0.82	6.49	N/A	N/A	1,090,290	896,595	6,624,285	11,834,925
2018-05-30	$19.48	$20.67	40.0%	11.3%	41.4%	23.2%	40.9%	6.0%	1.4%	34.3M	668.0M	-43.3M	0.90	6.04	N/A	N/A	1,413,030	1,265,970	6,867,795	12,018,120
2018-05-31	$19.04	$20.67	39.4%	11.1%	41.8%	21.5%	39.8%	5.7%	1.5%	-4.6M	1.63B	-42.2M	0.98	6.08	N/A	N/A	1,219,290	1,196,400	7,061,895	12,270,300