TSLA Options History — March 2023

In March 2023, TSLA traded between $172.91 and $206.18. ATM implied volatility averaged 63.3%, placing in the 31.7% IV rank vs the trailing year. The 30-day expected move averaged 18.6%. IV traded above realized volatility by 10.6% (HV 20d: 52.8%). Max pain ranged from $175.00 to $185.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.80.

Notable Days

  • 2023-03-31: Highest Volume — 3,670,434 contracts
  • 2023-03-02: Largest IV drop — 6.1% change
  • 2023-03-23: Highest IV Rank — 41.9%
  • 2023-03-01: Largest Expected Move — 19.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$188.58$172.91$206.18$202.93$206.18
Max Pain$177.54$175.00$185.00$185.00$180.00
ATM IV63.3%58.9%68.1%65.0%61.8%
Expected Move18.6%16.8%19.9%19.9%18.1%
HV 20d52.8%46.6%58.1%52.8%48.5%
HV 60d73.0%60.1%78.0%77.0%60.4%
IV Rank31.7%22.3%41.9%35.4%28.4%
IV Percentile42.9%27.0%61.9%48.4%36.1%
Term Structure0.1%-2.1%3.4%1.8%-0.9%
VWIV65.5%59.4%70.5%70.5%64.6%
Skew 25d6.0%3.2%8.1%3.2%5.0%
Skew 10d11.4%6.3%14.9%6.6%9.3%
Call IV 25d60.6%56.4%65.4%64.4%60.0%
Put IV 25d66.7%59.9%72.4%67.6%65.0%
Bid-Ask Spread %1.681.252.301.371.81
Gamma HHI0.030.020.090.030.09
Net GEX180.4M-123.5M618.0M331.2M618.0M
Net DEX-18.94B-33.48B-6.51B-29.95B-33.48B
Net VEX-262.2M-288.4M-242.3M-288.4M-278.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.651.160.700.71
Total Volume2,081,159.6961,243,6723,670,4341,428,7743,670,434
Total OI9,609,906.3048,288,11410,632,89910,244,7819,105,480

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$202.93$185.0065.0%19.9%52.8%35.4%70.5%3.2%1.8%331.2M-29.95B-288.4M0.701.37N/AN/A840,889587,8856,048,3594,196,422
2023-03-02$191.11$185.0061.1%17.8%54.4%26.9%62.5%3.8%2.5%38.3M-19.39B-269.9M0.721.25N/AN/A1,644,3561,181,3376,119,0344,278,635
2023-03-03$197.89$183.3358.9%16.8%55.1%22.3%59.4%3.5%2.8%348.0M-26.49B-276.9M0.812.30N/AN/A1,720,6681,391,0986,256,3634,376,536
2023-03-06$195.05$175.0061.2%18.2%55.2%27.2%64.0%4.2%-1.6%163.4M-23.53B-271.1M0.761.71N/AN/A779,763594,8375,748,3934,060,644
2023-03-07$189.17$175.0061.3%18.1%55.6%27.6%64.0%4.1%-1.4%88.3M-18.95B-263.6M0.821.80N/AN/A999,824818,8505,874,2944,140,919
2023-03-08$182.25$175.0060.3%17.9%56.9%25.3%63.2%4.7%-1.2%-57.0M-12.89B-252.9M0.881.83N/AN/A1,190,4261,047,9425,945,4874,238,557
2023-03-09$173.41$175.0062.7%18.4%58.1%30.4%64.8%5.7%-1.3%-123.5M-6.81B-242.3M0.862.01N/AN/A1,315,4951,131,1306,084,5894,284,877
2023-03-10$172.91$175.0063.9%18.8%56.5%33.1%66.3%6.3%-2.1%-82.8M-6.51B-242.9M1.162.01N/AN/A1,697,5231,964,3076,176,2754,341,331
2023-03-13$175.26$175.0064.8%19.2%54.3%35.0%68.0%7.6%2.8%16.5M-9.94B-243.7M1.002.10N/AN/A985,960988,0945,828,7344,138,550
2023-03-14$181.02$175.0061.9%18.6%56.0%28.8%64.8%6.8%3.1%135.6M-14.89B-252.7M0.892.00N/AN/A949,169840,6865,929,4024,234,640
2023-03-15$180.12$175.0064.6%19.2%49.4%34.4%67.0%8.1%2.4%93.1M-13.65B-251.9M1.062.07N/AN/A853,196907,2496,007,3134,294,180
2023-03-16$184.22$175.0060.8%18.2%49.6%26.5%64.1%7.2%3.1%257.5M-17.61B-255.8M0.851.81N/AN/A1,014,740865,2726,083,8784,326,928
2023-03-17$179.86$175.0062.6%18.6%47.8%30.3%65.9%7.6%3.4%191.6M-13.27B-250.4M0.661.97N/AN/A1,386,593919,7146,119,0984,376,039
2023-03-20$183.28$175.0063.5%18.4%47.9%32.2%64.6%7.6%-0.9%158.9M-15.36B-252.9M0.871.38N/AN/A704,626613,0344,815,2993,472,815
2023-03-21$197.28$175.0063.9%18.4%54.2%33.1%65.8%6.9%-1.0%343.6M-25.59B-270.9M0.751.32N/AN/A1,255,756939,5244,906,1673,563,146
2023-03-22$192.90$175.0065.4%18.7%54.8%36.1%65.8%7.3%-1.0%238.0M-21.69B-268.1M0.661.54N/AN/A1,225,650813,8064,998,7133,706,906
2023-03-23$191.86$175.0068.1%19.6%54.5%41.9%68.2%7.1%-1.2%233.9M-20.92B-269.1M0.741.56N/AN/A1,269,760936,0875,087,5563,756,190
2023-03-24$189.86$180.0066.7%19.2%53.6%38.9%67.3%7.1%-1.4%55.5M-19.17B-266.2M0.801.38N/AN/A1,210,296966,0375,201,4923,818,466
2023-03-27$192.87$180.0066.1%19.4%50.0%37.6%67.7%6.6%-1.8%236.9M-21.37B-266.3M0.651.46N/AN/A754,319489,3534,964,5493,558,243
2023-03-28$188.83$180.0065.7%19.2%50.4%36.8%68.1%6.6%-1.5%184.6M-18.32B-261.9M0.651.26N/AN/A756,866491,0805,078,1633,644,332
2023-03-29$193.38$180.0063.5%18.6%51.2%32.1%65.2%6.1%-1.0%310.1M-21.90B-265.4M0.761.29N/AN/A899,067686,9255,145,7883,711,264
2023-03-30$195.79$180.0062.4%18.3%46.6%29.7%64.5%5.7%-1.2%370.1M-23.83B-268.0M0.691.50N/AN/A927,336639,7145,220,8843,762,915
2023-03-31$206.18$180.0061.8%18.1%48.5%28.4%64.6%5.0%-0.9%618.0M-33.48B-278.8M0.711.81N/AN/A2,149,9841,520,4505,276,4873,828,993