TSLA Options History — December 2018

In December 2018, TSLA traded between $19.83 and $25.06. ATM implied volatility averaged 57.9%, placing in the 47.8% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded above realized volatility by 16.2% (HV 20d: 41.7%). Max pain ranged from $21.33 to $22.67. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.02.

Notable Days

2018-12-28: Highest Volume — 3,515,280 contracts
2018-12-24: Largest IV spike — 12.7% change
2018-12-24: Highest IV Rank — 70.9%
2018-12-24: Largest Expected Move — 20.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.01	$19.83	$25.06	$24.02	$22.01
Max Pain	$22.37	$21.33	$22.67	$22.67	$22.00
ATM IV	57.9%	47.3%	70.8%	47.3%	63.5%
Expected Move	16.6%	13.4%	20.1%	13.4%	17.5%
HV 20d	41.7%	33.0%	57.5%	37.4%	56.7%
HV 60d	63.0%	54.7%	66.9%	66.9%	54.7%
IV Rank	47.8%	28.8%	70.9%	28.8%	57.8%
IV Percentile	70.3%	44.4%	94.0%	44.4%	87.3%
Term Structure	-0.1%	-2.3%	2.6%	0.7%	2.6%
VWIV	60.1%	47.6%	71.4%	47.6%	62.5%
Skew 25d	13.7%	11.7%	17.2%	12.5%	14.4%
Skew 10d	28.9%	22.9%	36.2%	27.8%	30.2%
Call IV 25d	51.9%	42.5%	63.8%	42.5%	56.7%
Put IV 25d	65.6%	55.0%	81.0%	55.0%	71.1%
Bid-Ask Spread %	7.82	4.57	14.03	8.64	4.94
Gamma HHI	0.05	0.03	0.29	0.04	0.04
Net GEX	44.6M	-209.7M	223.0M	98.1M	8.2M
Net DEX	-3.19B	-7.98B	2.13B	-5.35B	-1.45B
Net VEX	-49.4M	-53.4M	-43.0M	-53.0M	-43.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.02	0.76	1.50	0.81	1.20
Total Volume	2,520,011.25	1,474,695	3,515,280	2,981,865	1,474,695
Total OI	28,125,336	25,357,200	29,856,225	27,548,175	25,686,360

Daily Data (20 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
2018-12-03	$24.02	$22.67	47.3%	13.4%	37.4%	28.8%	47.6%	12.5%	0.7%	98.1M	-5.35B	-53.0M	0.81	8.64	N/A	N/A	1,648,230	1,333,635	9,089,895	18,458,280
2018-12-04	$23.88	$22.67	50.4%	14.7%	37.0%	34.3%	52.5%	12.5%	0.4%	103.2M	-5.08B	-53.3M	0.77	9.41	N/A	N/A	1,461,090	1,125,375	9,451,200	18,663,450
2018-12-05	$23.99	$22.67	50.9%	14.9%	37.0%	35.2%	53.5%	12.5%	0.3%	108.5M	-5.35B	-52.6M	0.76	14.03	N/A	N/A	1,511,415	1,153,500	9,451,200	18,663,450
2018-12-06	$24.13	$21.33	52.3%	15.1%	36.7%	37.6%	53.6%	12.8%	0.3%	127.0M	-5.71B	-53.4M	0.80	8.38	N/A	N/A	1,343,670	1,079,250	9,652,125	18,929,235
2018-12-07	$24.75	$22.00	51.4%	14.9%	37.6%	36.1%	62.5%	11.7%	0.4%	216.9M	-7.51B	-53.3M	0.81	8.71	N/A	N/A	1,747,455	1,417,275	9,739,080	19,104,915
2018-12-10	$24.32	$22.00	52.9%	15.2%	38.3%	38.9%	56.1%	13.1%	-0.2%	98.5M	-5.62B	-52.6M	0.97	4.57	N/A	N/A	902,415	871,455	9,358,440	18,886,215
2018-12-11	$24.63	$22.00	51.9%	15.0%	33.2%	36.9%	55.3%	12.7%	0.2%	129.9M	-6.51B	-52.3M	1.17	5.11	N/A	N/A	964,140	1,130,355	9,499,575	19,154,280
2018-12-12	$24.56	$22.00	52.3%	14.9%	33.0%	37.7%	57.6%	12.7%	-0.1%	145.3M	-6.45B	-51.6M	1.43	5.41	N/A	N/A	837,165	1,193,610	9,687,975	19,325,250
2018-12-13	$25.06	$22.67	51.2%	14.8%	33.3%	35.8%	52.7%	11.9%	0.4%	223.0M	-7.98B	-51.6M	0.83	5.36	N/A	N/A	1,554,135	1,289,520	9,830,745	19,525,035
2018-12-14	$24.32	$22.67	53.2%	15.3%	35.4%	39.3%	54.7%	11.9%	0.2%	157.4M	-5.73B	-51.5M	0.88	6.80	N/A	N/A	1,731,045	1,527,480	10,011,225	19,845,000
2018-12-17	$22.98	$22.67	58.4%	16.8%	40.7%	48.6%	60.1%	14.4%	-1.0%	-22.3M	-2.22B	-49.9M	1.10	11.03	N/A	N/A	987,270	1,081,665	9,340,635	19,475,850
2018-12-18	$22.52	$22.67	60.0%	17.2%	41.1%	51.6%	61.3%	14.8%	-0.5%	-43.2M	-1.18B	-49.8M	0.91	7.94	N/A	N/A	1,307,940	1,186,725	9,584,955	19,682,145
2018-12-19	$22.10	$22.67	60.9%	17.4%	41.1%	53.1%	62.2%	15.1%	-1.2%	-85.5M	5.4M	-48.8M	1.01	8.84	N/A	N/A	1,179,210	1,187,565	9,694,500	19,860,840
2018-12-20	$21.05	$22.67	66.4%	19.1%	43.2%	63.1%	67.1%	16.4%	-1.3%	-121.0M	1.96B	-47.2M	1.09	7.24	N/A	N/A	1,650,720	1,796,100	9,636,735	19,839,765
2018-12-21	$21.35	$22.67	62.8%	18.0%	41.7%	56.5%	65.3%	14.7%	-0.3%	-209.7M	1.12B	-46.5M	1.50	9.35	N/A	N/A	1,151,340	1,725,030	9,786,420	19,919,160
2018-12-24	$19.83	$22.67	70.8%	20.1%	44.7%	70.9%	70.6%	17.2%	-2.3%	-58.6M	2.13B	-43.0M	1.31	9.22	N/A	N/A	759,795	993,015	7,994,745	17,362,455
2018-12-26	$21.52	$22.67	66.7%	18.8%	54.5%	63.6%	71.4%	14.9%	-1.1%	-8.9M	-598.3M	-44.4M	1.15	6.44	N/A	N/A	1,100,610	1,268,490	8,177,280	17,495,325
2018-12-27	$21.07	$22.00	69.7%	19.9%	54.7%	69.0%	71.2%	14.3%	-0.5%	-11.9M	-158.5M	-44.9M	1.07	7.68	N/A	N/A	1,069,425	1,143,135	8,442,600	17,757,720
2018-12-28	$22.09	$22.00	65.2%	18.1%	57.5%	60.8%	63.8%	13.5%	0.1%	36.9M	-2.12B	-44.9M	0.86	7.28	N/A	N/A	1,890,075	1,625,205	8,571,180	17,871,480
2018-12-31	$22.01	$22.00	63.5%	17.5%	56.7%	57.8%	62.5%	14.4%	2.6%	8.2M	-1.45B	-43.6M	1.20	4.94	N/A	N/A	669,810	804,885	8,141,415	17,544,945