TSLA Options History — September 2018

In September 2018, TSLA traded between $17.48 and $20.82. ATM implied volatility averaged 60.3%, placing in the 74.9% IV rank vs the trailing year. The 30-day expected move averaged 17.1%. IV traded above realized volatility by 5.0% (HV 20d: 55.3%). Max pain ranged from $20.67 to $21.67. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 1.02.

Notable Days

2018-09-28: Highest Volume — 11,230,110 contracts
2018-09-28: Largest IV spike — 26.8% change
2018-09-28: Highest IV Rank — 100.0%
2018-09-28: Largest Expected Move — 21.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.34	$17.48	$20.82	$19.26	$17.76
Max Pain	$20.84	$20.67	$21.67	$21.67	$20.67
ATM IV	60.3%	55.8%	73.7%	55.8%	73.7%
Expected Move	17.1%	15.5%	21.0%	15.5%	21.0%
HV 20d	55.3%	48.7%	73.3%	56.3%	73.3%
HV 60d	58.3%	55.6%	63.6%	56.7%	63.6%
IV Rank	74.9%	63.8%	100.0%	63.8%	100.0%
IV Percentile	89.6%	77.8%	100.0%	82.5%	100.0%
Term Structure	1.5%	-1.4%	8.3%	-1.2%	5.7%
VWIV	62.1%	54.9%	73.7%	54.9%	73.7%
Skew 25d	14.0%	10.4%	19.1%	14.5%	17.4%
Skew 10d	28.4%	20.6%	38.0%	29.1%	36.6%
Call IV 25d	54.8%	50.3%	64.7%	50.3%	64.7%
Put IV 25d	68.7%	62.8%	82.2%	64.9%	82.2%
Bid-Ask Spread %	8.84	4.47	12.88	5.09	4.47
Gamma HHI	0.03	0.02	0.07	0.04	0.04
Net GEX	-13.6M	-150.4M	98.8M	-95.0M	-86.4M
Net DEX	2.24B	-1.49B	6.82B	3.96B	4.70B
Net VEX	-59.3M	-62.7M	-53.9M	-56.5M	-54.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.02	0.79	1.43	0.99	1.43
Total Volume	3,597,581.842	1,480,680	11,230,110	2,952,795	11,230,110
Total OI	31,196,898.158	27,165,945	34,598,370	29,592,645	28,892,400

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
2018-09-04	$19.26	$21.67	55.8%	15.5%	56.3%	63.8%	54.9%	14.5%	-1.2%	-95.0M	3.96B	-56.5M	0.99	5.09	N/A	N/A	1,482,540	1,470,255	9,660,975	19,931,670
2018-09-05	$18.77	$21.67	57.6%	16.0%	49.2%	68.4%	56.6%	14.9%	-1.1%	-116.1M	4.81B	-55.3M	0.97	5.95	N/A	N/A	1,675,770	1,631,295	10,105,965	20,266,080
2018-09-06	$18.75	$21.33	58.7%	16.6%	48.7%	71.4%	59.4%	14.2%	-1.0%	-92.3M	4.65B	-57.4M	1.00	9.45	N/A	N/A	1,514,250	1,514,535	10,556,415	20,527,005
2018-09-07	$17.48	$21.33	65.0%	18.3%	50.3%	87.6%	64.2%	19.1%	-1.4%	-150.4M	6.82B	-53.9M	1.11	12.88	N/A	N/A	3,891,675	4,307,220	10,784,400	20,702,955
2018-09-10	$18.94	$20.67	60.6%	17.1%	60.1%	76.1%	62.1%	16.0%	-0.6%	-36.4M	3.01B	-59.2M	0.88	11.74	N/A	N/A	2,004,045	1,758,840	10,584,120	20,571,480
2018-09-11	$18.57	$20.67	61.6%	17.2%	59.6%	78.7%	61.9%	15.4%	-1.3%	-48.6M	3.74B	-58.7M	1.07	9.60	N/A	N/A	1,178,055	1,255,860	10,986,525	21,092,520
2018-09-12	$19.22	$20.67	59.4%	16.7%	61.8%	73.1%	62.2%	13.7%	-1.3%	-4.3M	2.22B	-59.9M	0.95	12.22	N/A	N/A	1,828,980	1,734,510	11,157,660	21,407,430
2018-09-13	$19.36	$20.67	58.7%	16.7%	61.3%	71.4%	64.4%	13.5%	-0.7%	10.2M	1.92B	-60.2M	1.05	9.56	N/A	N/A	1,183,260	1,244,715	11,361,780	21,688,815
2018-09-14	$19.67	$20.67	58.2%	16.6%	61.9%	70.0%	61.9%	12.0%	-0.7%	74.1M	1.03B	-62.7M	0.79	10.24	N/A	N/A	2,159,640	1,711,425	11,443,380	21,894,210
2018-09-17	$19.63	$20.67	59.9%	17.1%	51.2%	74.4%	62.8%	12.6%	0.3%	-3.4M	1.54B	-62.1M	0.79	10.95	N/A	N/A	1,518,720	1,197,375	10,926,315	21,454,140
2018-09-18	$18.93	$20.67	63.8%	18.2%	52.7%	84.6%	66.4%	15.6%	0.2%	-37.6M	3.04B	-58.6M	1.15	10.20	N/A	N/A	2,017,485	2,310,255	11,135,535	21,730,995
2018-09-19	$19.79	$20.67	62.8%	18.0%	51.7%	81.8%	64.5%	14.3%	-0.0%	24.5M	1.01B	-61.2M	0.99	9.15	N/A	N/A	1,469,610	1,451,625	11,385,615	22,319,040
2018-09-20	$19.97	$20.67	61.2%	17.5%	51.7%	77.9%	66.6%	13.0%	0.3%	45.1M	778.0M	-62.5M	0.86	10.73	N/A	N/A	1,624,605	1,391,145	11,492,730	22,668,645
2018-09-21	$19.93	$20.67	58.1%	16.6%	51.7%	69.8%	60.0%	12.1%	0.8%	5.5M	1.03B	-61.9M	1.07	7.22	N/A	N/A	1,175,145	1,253,025	11,691,510	22,906,860
2018-09-24	$19.94	$20.67	59.1%	16.8%	51.6%	72.3%	63.2%	13.3%	6.9%	31.2M	280.5M	-59.3M	1.11	8.47	N/A	N/A	856,665	948,555	9,264,000	17,901,945
2018-09-25	$20.09	$20.67	57.2%	16.2%	51.6%	67.6%	60.1%	12.1%	7.3%	43.9M	108.2M	-60.8M	1.11	7.28	N/A	N/A	702,450	778,230	9,480,435	18,165,975
2018-09-26	$20.82	$20.67	56.1%	16.0%	53.0%	64.6%	57.4%	10.9%	7.8%	98.8M	-1.49B	-61.0M	0.99	5.97	N/A	N/A	1,526,970	1,514,895	9,592,380	18,379,650
2018-09-27	$20.50	$20.67	58.1%	16.1%	52.5%	69.8%	58.0%	10.4%	8.3%	78.1M	-712.6M	-61.4M	1.02	6.88	N/A	N/A	912,030	928,290	9,900,525	18,728,985
2018-09-28	$17.76	$20.67	73.7%	21.0%	73.3%	100.0%	73.7%	17.4%	5.7%	-86.4M	4.70B	-54.8M	1.43	4.47	N/A	N/A	4,615,290	6,614,820	10,036,875	18,855,525