TSLA Options History — March 2020

In March 2020, TSLA traded between $23.65 and $49.87. ATM implied volatility averaged 112.7%, placing in the 70.3% IV rank vs the trailing year. The 30-day expected move averaged 31.7%. IV traded below realized volatility by 15.3% (HV 20d: 128.0%). Max pain ranged from $36.67 to $47.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 1.17.

Notable Days

  • 2020-03-03: Highest Volume — 8,917,035 contracts
  • 2020-03-16: Largest IV spike — 20.7% change
  • 2020-03-16: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 44.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.21$23.65$49.87$48.82$34.54
Max Pain$42.71$36.67$47.00$36.67$40.00
ATM IV112.7%86.6%156.2%86.6%100.7%
Expected Move31.7%24.7%44.8%25.0%27.0%
HV 20d128.0%85.5%165.3%165.3%149.3%
HV 60d117.8%102.0%133.6%102.1%133.5%
IV Rank70.3%52.1%100.0%52.1%54.9%
IV Percentile98.0%94.4%100.0%97.6%94.4%
Term Structure-2.7%-6.4%1.5%-2.6%-1.2%
VWIV114.0%88.3%155.1%91.9%96.7%
Skew 25d26.7%7.4%53.8%10.2%19.7%
Skew 10d49.2%14.0%100.2%17.8%36.0%
Call IV 25d100.5%83.0%127.3%83.8%91.1%
Put IV 25d127.2%94.0%181.1%94.0%110.8%
Bid-Ask Spread %32.1614.1446.6633.1740.13
Gamma HHI0.030.020.140.020.02
Net GEX-33.1M-189.6M92.3M23.5M-2.1M
Net DEX-4.94B-21.10B9.19B-19.10B-2.05B
Net VEX-134.7M-155.4M-100.3M-147.2M-125.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.702.020.890.97
Total Volume6,269,502.9553,370,6958,917,0356,022,9654,210,245
Total OI30,764,378.86425,768,96535,065,98030,968,98526,629,575

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$48.82$36.6786.6%25.0%165.3%52.1%91.9%10.2%-2.6%23.5M-19.10B-147.2M0.8933.17N/AN/A3,184,0502,838,91511,374,96519,594,020
2020-03-03$49.87$36.6791.5%26.5%153.2%57.0%96.1%8.2%-2.6%92.3M-21.10B-154.7M0.8631.91N/AN/A4,788,6004,128,43512,039,04520,401,275
2020-03-04$49.14$36.6788.0%24.9%128.7%53.5%91.9%7.4%-2.2%73.1M-19.35B-154.1M0.7030.58N/AN/A3,946,0502,757,33012,630,33021,374,070
2020-03-05$48.19$46.6791.0%24.7%85.5%56.5%88.3%13.1%-1.7%15.7M-16.97B-155.4M0.8426.02N/AN/A2,796,3602,347,29013,045,65021,637,185
2020-03-06$46.91$47.0093.8%25.4%85.7%59.2%93.2%16.0%-2.5%-189.6M-13.89B-154.6M1.1720.50N/AN/A3,028,5003,529,86013,232,92521,833,055
2020-03-09$41.12$46.67100.4%27.5%97.0%65.6%98.7%24.8%-3.9%-74.1M-6.39B-146.8M1.2629.52N/AN/A2,380,4252,989,96511,412,06019,657,695
2020-03-10$42.90$46.6793.9%25.9%97.8%59.3%94.4%24.2%-3.7%-36.6M-9.45B-149.7M1.4430.44N/AN/A2,139,8553,070,93512,045,90019,862,175
2020-03-11$42.28$46.6793.9%26.1%97.7%59.3%94.3%23.0%-3.6%-35.8M-8.57B-146.8M1.0833.89N/AN/A2,130,1352,301,28512,467,31020,225,535
2020-03-12$37.55$46.67107.5%29.9%104.9%72.7%107.1%27.9%-4.8%-122.0M-1.48B-141.0M1.4314.14N/AN/A2,578,8903,698,56512,740,20520,340,915
2020-03-13$35.57$46.67115.3%32.2%103.7%80.2%117.1%38.7%-6.4%-116.9M1.37B-135.3M1.4338.53N/AN/A3,664,0955,226,30013,083,52520,451,105
2020-03-16$30.36$46.67139.2%39.9%114.5%100.0%139.7%45.3%-3.3%-80.7M4.66B-121.4M2.0235.67N/AN/A1,795,3503,633,94511,481,18019,195,995
2020-03-17$28.44$46.00147.1%41.7%108.5%100.0%146.3%49.6%-2.4%-81.3M6.13B-114.3M1.5638.38N/AN/A2,619,2554,091,07011,675,20519,216,290
2020-03-18$23.65$43.33156.2%44.8%113.9%100.0%152.8%53.8%-0.2%-71.8M9.19B-100.3M1.6646.66N/AN/A2,659,7254,418,34012,125,47519,368,720
2020-03-19$28.73$42.67148.0%42.5%142.6%93.3%155.1%49.8%-2.6%-36.4M2.95B-120.0M0.9936.62N/AN/A4,434,2854,387,69512,598,57519,220,310
2020-03-20$29.27$42.00131.7%38.0%143.4%80.1%139.1%42.7%-2.8%-26.1M1.80B-121.7M1.0435.97N/AN/A4,225,7704,404,87012,970,63519,670,145
2020-03-23$28.77$41.67123.4%34.8%142.9%73.3%126.2%30.3%1.5%-30.2M2.22B-116.3M1.1335.08N/AN/A1,776,7502,010,5259,955,30515,813,660
2020-03-24$33.65$40.33113.5%32.0%157.8%65.3%117.6%22.2%-0.3%35.3M-3.15B-129.6M1.0530.23N/AN/A3,194,6553,362,58010,424,22016,060,590
2020-03-25$36.31$40.00124.0%34.8%161.6%73.8%125.0%21.2%-3.0%39.6M-6.82B-139.1M0.8820.77N/AN/A3,547,9803,123,37510,700,77516,962,345
2020-03-26$34.45$40.00117.9%32.8%156.4%68.8%118.1%21.7%-2.2%-13.5M-3.89B-131.8M1.0830.08N/AN/A2,863,2003,097,77010,951,98017,456,325
2020-03-27$34.66$40.00110.0%30.9%156.1%62.4%113.5%20.1%-4.9%-65.1M-3.86B-131.1M1.1731.90N/AN/A3,303,4803,871,66511,216,85017,752,575
2020-03-30$33.55$40.00105.9%29.3%148.9%59.1%105.4%18.7%-3.6%-24.2M-918.5M-125.6M1.1837.21N/AN/A1,545,2251,825,4709,832,80016,087,860
2020-03-31$34.54$40.00100.7%27.0%149.3%54.9%96.7%19.7%-1.2%-2.1M-2.05B-125.9M0.9740.13N/AN/A2,138,2352,072,01010,139,53516,490,040