TSLA Options History — February 2021

In February 2021, TSLA traded between $228.39 and $291.12. ATM implied volatility averaged 63.2%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 18.0%. IV traded above realized volatility by 12.9% (HV 20d: 50.3%). Max pain ranged from $186.67 to $228.33. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.77.

Notable Days

2021-02-23: Highest Volume — 4,662,540 contracts
2021-02-25: Largest IV spike — 20.1% change
2021-02-25: Highest IV Rank — 23.7%
2021-02-25: Largest Expected Move — 23.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$264.84	$228.39	$291.12	$279.15	$228.45
Max Pain	$212.11	$186.67	$228.33	$225.00	$223.33
ATM IV	63.2%	57.7%	78.4%	66.0%	70.2%
Expected Move	18.0%	15.9%	23.1%	17.7%	20.0%
HV 20d	50.3%	42.0%	62.3%	61.1%	53.7%
HV 60d	55.3%	52.6%	57.1%	56.3%	55.4%
IV Rank	8.9%	3.4%	23.7%	12.5%	15.7%
IV Percentile	15.5%	3.2%	51.2%	17.5%	32.9%
Term Structure	1.2%	-0.5%	2.1%	1.5%	1.0%
VWIV	64.8%	58.0%	81.1%	64.9%	71.1%
Skew 25d	6.3%	-0.3%	12.6%	-0.3%	10.8%
Skew 10d	14.6%	-0.3%	25.3%	-0.3%	25.3%
Call IV 25d	61.2%	54.8%	73.2%	68.4%	65.4%
Put IV 25d	67.6%	60.6%	85.7%	68.1%	76.1%
Bid-Ask Spread %	18.73	6.85	41.21	8.06	6.85
Gamma HHI	0.04	0.02	0.05	0.03	0.05
Net GEX	312.1M	-65.8M	786.5M	352.4M	211.9M
Net DEX	-105.04B	-134.91B	-64.06B	-119.34B	-64.06B
Net VEX	-403.7M	-421.3M	-384.9M	-386.8M	-403.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.77	0.52	1.23	0.59	0.82
Total Volume	3,019,533.789	1,710,507	4,662,540	2,376,021	4,205,508
Total OI	17,314,272.158	15,668,820	18,936,114	15,668,820	17,853,873

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
2021-02-01	$279.15	$225.00	66.0%	17.7%	61.1%	12.5%	64.9%	-0.3%	1.5%	352.4M	-119.34B	-386.8M	0.59	8.06	N/A	N/A	1,492,050	883,971	6,828,129	8,840,691
2021-02-02	$291.12	$226.67	62.6%	16.3%	61.6%	8.3%	59.3%	0.8%	1.9%	786.5M	-134.91B	-391.1M	0.55	11.22	N/A	N/A	1,538,496	850,617	7,079,346	8,993,028
2021-02-03	$286.04	$228.33	61.4%	15.9%	62.3%	7.1%	58.0%	0.1%	1.9%	630.4M	-127.14B	-391.6M	0.67	10.76	N/A	N/A	1,086,780	733,281	7,173,237	9,072,558
2021-02-04	$282.77	$186.67	58.0%	17.6%	61.6%	3.8%	64.0%	2.7%	1.9%	465.5M	-122.56B	-389.7M	0.70	11.38	N/A	N/A	1,183,734	829,473	7,312,644	9,218,427
2021-02-05	$283.54	$190.00	57.7%	17.4%	57.6%	3.4%	63.1%	7.2%	2.1%	614.1M	-123.31B	-393.8M	0.65	29.37	N/A	N/A	2,419,257	1,566,327	7,412,079	9,330,519
2021-02-08	$286.28	$196.67	59.8%	17.6%	50.6%	5.5%	62.6%	3.9%	1.2%	578.4M	-131.80B	-415.1M	0.52	10.79	N/A	N/A	1,631,643	848,484	7,360,587	9,163,923
2021-02-09	$282.68	$200.00	60.5%	17.7%	43.2%	6.2%	63.7%	4.7%	1.0%	490.8M	-128.09B	-414.4M	0.67	10.27	N/A	N/A	1,026,321	684,186	7,758,483	9,354,522
2021-02-10	$268.32	$200.00	64.9%	18.6%	43.5%	10.5%	65.8%	7.5%	0.1%	-65.8M	-106.66B	-421.3M	1.23	29.07	N/A	N/A	2,025,477	2,498,769	7,862,418	9,543,219
2021-02-11	$269.26	$203.33	61.2%	17.8%	43.6%	6.9%	63.6%	8.4%	0.9%	-39.2M	-108.98B	-409.7M	0.77	32.89	N/A	N/A	1,474,131	1,137,759	8,114,508	10,534,173
2021-02-12	$271.11	$206.67	59.5%	17.3%	43.6%	5.2%	61.9%	8.0%	1.5%	335.2M	-112.55B	-414.5M	0.95	41.21	N/A	N/A	2,003,424	1,911,390	8,237,436	10,698,678
2021-02-16	$265.57	$213.33	60.6%	17.4%	43.2%	6.4%	61.9%	8.3%	0.9%	273.1M	-107.17B	-404.9M	0.86	37.44	N/A	N/A	1,163,544	1,002,924	7,667,100	10,293,768
2021-02-17	$265.26	$216.67	61.1%	17.5%	42.3%	6.8%	63.0%	6.8%	1.1%	244.7M	-107.18B	-407.4M	0.83	12.32	N/A	N/A	1,595,418	1,328,439	7,838,109	10,488,786
2021-02-18	$262.95	$216.67	60.2%	17.2%	42.0%	5.9%	61.9%	6.6%	1.4%	251.8M	-104.42B	-408.0M	0.78	9.10	N/A	N/A	1,143,273	888,783	7,985,928	10,647,711
2021-02-19	$259.63	$216.67	58.1%	16.5%	42.1%	3.8%	60.3%	7.0%	1.8%	302.6M	-98.87B	-400.1M	0.83	7.18	N/A	N/A	1,829,124	1,526,955	8,071,080	10,754,454
2021-02-22	$239.10	$223.33	67.8%	19.3%	50.4%	13.3%	68.2%	9.2%	0.8%	39.3M	-74.28B	-384.9M	0.86	23.67	N/A	N/A	1,851,864	1,598,016	7,125,531	8,868,681
2021-02-23	$236.80	$216.67	67.7%	19.5%	48.0%	13.3%	71.0%	8.5%	0.9%	78.0M	-72.85B	-402.6M	0.81	33.34	N/A	N/A	2,572,419	2,090,121	7,537,383	9,195,996
2021-02-24	$245.58	$216.67	65.3%	18.6%	49.9%	10.9%	66.9%	7.3%	1.0%	374.3M	-86.45B	-419.3M	0.60	10.16	N/A	N/A	1,931,445	1,159,959	7,854,462	9,369,591
2021-02-25	$228.39	$223.33	78.4%	23.1%	54.7%	23.7%	81.1%	12.6%	-0.5%	5.8M	-65.11B	-412.3M	0.91	20.72	N/A	N/A	1,912,059	1,745,721	7,998,729	9,531,384
2021-02-26	$228.45	$223.33	70.2%	20.0%	53.7%	15.7%	71.1%	10.8%	1.0%	211.9M	-64.06B	-403.0M	0.82	6.85	N/A	N/A	2,316,411	1,889,097	8,183,484	9,670,389