TSLA Options History — January 2021

In January 2021, TSLA traded between $243.31 and $295.66. ATM implied volatility averaged 78.1%, placing in the 24.3% IV rank vs the trailing year. The 30-day expected move averaged 22.0%. IV traded above realized volatility by 25.0% (HV 20d: 53.1%). Max pain ranged from $183.33 to $223.33. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.69.

Notable Days

2021-01-08: Highest Volume — 8,996,613 contracts
2021-01-28: Largest IV drop — 18.5% change
2021-01-08: Highest IV Rank — 35.8%
2021-01-08: Largest Expected Move — 24.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$276.37	$243.31	$295.66	$243.31	$266.08
Max Pain	$208.07	$183.33	$223.33	$183.33	$223.33
ATM IV	78.1%	66.3%	90.0%	73.3%	71.4%
Expected Move	22.0%	18.4%	24.6%	20.7%	20.1%
HV 20d	53.1%	45.6%	59.4%	51.2%	59.4%
HV 60d	56.0%	52.2%	57.8%	52.2%	56.6%
IV Rank	24.3%	12.7%	35.8%	19.6%	17.7%
IV Percentile	47.4%	19.4%	66.7%	41.7%	32.5%
Term Structure	-0.9%	-3.3%	1.6%	-0.4%	1.0%
VWIV	78.5%	67.1%	86.9%	74.6%	72.1%
Skew 25d	-1.9%	-7.3%	3.2%	0.3%	3.2%
Skew 10d	-2.3%	-10.7%	9.0%	4.7%	9.0%
Call IV 25d	79.7%	69.8%	92.1%	76.2%	70.8%
Put IV 25d	77.8%	65.0%	90.4%	76.5%	74.1%
Bid-Ask Spread %	7.56	3.01	13.13	3.01	5.68
Gamma HHI	0.04	0.02	0.08	0.06	0.08
Net GEX	575.4M	-553.7M	1.20B	795.8M	-553.7M
Net DEX	-145.94B	-201.69B	-100.77B	-143.59B	-100.77B
Net VEX	-364.5M	-394.4M	-296.0M	-296.0M	-382.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.69	0.54	0.95	0.68	0.95
Total Volume	3,501,525.632	1,597,521	8,996,613	3,717,855	4,361,253
Total OI	19,538,597.211	15,110,982	24,260,142	21,443,949	16,493,298

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
2021-01-04	$243.31	$183.33	73.3%	20.7%	51.2%	19.6%	74.6%	0.3%	-0.4%	795.8M	-143.59B	-296.0M	0.68	3.01	N/A	N/A	2,216,838	1,501,017	7,957,824	13,486,125
2021-01-05	$244.26	$193.33	68.5%	19.4%	51.1%	14.9%	70.9%	-0.1%	0.1%	764.4M	-143.00B	-308.9M	0.80	4.94	N/A	N/A	1,467,168	1,167,087	8,151,822	13,791,369
2021-01-06	$253.51	$193.33	70.7%	20.0%	45.6%	17.1%	71.2%	-2.4%	0.5%	925.5M	-153.43B	-316.5M	0.65	5.40	N/A	N/A	2,845,821	1,862,658	8,172,399	14,017,368
2021-01-07	$270.22	$196.67	77.3%	21.4%	49.7%	23.5%	76.0%	-2.7%	-0.6%	1.20B	-175.28B	-332.4M	0.54	4.88	N/A	N/A	3,489,945	1,900,068	8,396,109	14,273,319
2021-01-08	$291.85	$200.00	90.0%	24.6%	45.9%	35.8%	86.9%	-1.7%	-1.8%	1.06B	-201.69B	-353.4M	0.70	5.16	N/A	N/A	5,289,816	3,706,797	8,618,874	14,580,093
2021-01-11	$271.24	$206.67	88.8%	24.3%	56.0%	34.6%	86.7%	-4.0%	-3.3%	491.1M	-157.86B	-365.4M	0.79	4.19	N/A	N/A	2,097,354	1,664,424	8,232,921	14,185,116
2021-01-12	$284.84	$206.67	87.0%	24.0%	55.6%	32.8%	85.8%	-4.1%	-3.0%	706.3M	-174.52B	-374.5M	0.85	6.46	N/A	N/A	2,126,511	1,800,864	8,458,005	14,417,454
2021-01-13	$284.93	$206.67	84.9%	23.5%	54.7%	30.8%	83.3%	-2.7%	-2.9%	742.3M	-171.89B	-378.2M	0.60	7.32	N/A	N/A	1,728,264	1,043,250	8,541,939	15,214,251
2021-01-14	$282.65	$208.33	84.1%	23.4%	54.8%	30.1%	84.5%	-1.6%	-2.9%	710.5M	-165.33B	-380.9M	0.64	6.57	N/A	N/A	1,856,919	1,184,874	8,552,526	15,362,214
2021-01-15	$274.89	$210.00	83.4%	23.3%	55.5%	29.4%	82.1%	-0.3%	-3.0%	420.5M	-151.93B	-379.6M	0.75	5.54	N/A	N/A	2,728,365	2,035,800	8,588,682	15,671,460
2021-01-19	$280.82	$210.00	77.5%	22.1%	54.3%	23.7%	77.6%	0.9%	-0.3%	532.2M	-126.56B	-374.9M	0.80	6.92	N/A	N/A	1,311,324	1,051,998	6,804,837	8,306,145
2021-01-20	$283.95	$215.00	74.0%	21.2%	53.0%	20.3%	74.5%	0.8%	0.0%	649.0M	-130.16B	-378.3M	0.62	9.16	N/A	N/A	1,290,501	795,744	6,991,491	8,701,998
2021-01-21	$282.03	$216.67	73.2%	21.0%	53.5%	19.5%	73.5%	1.3%	0.2%	515.7M	-127.39B	-378.2M	0.72	10.71	N/A	N/A	1,077,222	780,591	7,124,043	8,843,607
2021-01-22	$281.32	$216.67	72.2%	20.7%	52.4%	18.5%	72.7%	0.0%	0.1%	445.2M	-126.46B	-378.0M	0.70	10.53	N/A	N/A	1,581,441	1,110,273	7,212,891	8,968,254
2021-01-25	$290.97	$216.67	81.4%	23.5%	52.9%	27.4%	83.7%	-5.2%	-0.6%	514.3M	-134.23B	-385.9M	0.55	10.83	N/A	N/A	1,859,574	1,014,780	6,692,580	8,521,434
2021-01-26	$295.66	$216.67	79.1%	22.9%	52.8%	25.3%	80.8%	-5.5%	-0.6%	588.2M	-139.38B	-387.4M	0.60	13.13	N/A	N/A	995,463	602,058	6,942,639	8,776,086
2021-01-27	$290.17	$216.67	81.3%	23.9%	54.1%	27.3%	86.7%	-7.3%	-1.2%	437.8M	-132.00B	-394.4M	0.62	10.03	N/A	N/A	1,064,727	664,008	7,046,886	8,935,080
2021-01-28	$278.31	$216.67	66.3%	18.4%	57.3%	12.7%	67.1%	-6.1%	1.6%	-7.7M	-117.31B	-379.5M	0.63	13.06	N/A	N/A	1,997,868	1,256,322	7,147,485	9,054,723
2021-01-29	$266.08	$223.33	71.4%	20.1%	59.4%	17.7%	72.1%	3.2%	1.0%	-553.7M	-100.77B	-382.8M	0.95	5.68	N/A	N/A	2,231,526	2,129,727	7,301,943	9,191,355