TSLA Options History — May 2023

In May 2023, TSLA traded between $159.20 and $201.23. ATM implied volatility averaged 47.3%, placing in the 6.0% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 0.8% (HV 20d: 48.2%). Max pain ranged from $170.00 to $175.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2023-05-12: Highest Volume — 4,280,697 contracts
  • 2023-05-05: Largest IV drop — 11.8% change
  • 2023-05-30: Highest IV Rank — 16.4%
  • 2023-05-30: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$175.70$159.20$201.23$161.50$199.99
Max Pain$171.78$170.00$175.00$175.00$173.33
ATM IV47.3%44.0%52.4%47.8%52.0%
Expected Move13.8%12.7%16.0%13.6%15.6%
HV 20d48.2%35.5%57.7%54.8%37.5%
HV 60d51.0%49.1%53.7%53.1%49.2%
IV Rank6.0%0.0%16.4%4.3%15.6%
IV Percentile3.4%0.0%12.7%0.4%11.9%
Term Structure0.4%-0.7%2.0%0.2%2.0%
VWIV49.2%45.0%57.9%48.3%56.4%
Skew 25d4.5%-0.1%6.7%5.5%-0.1%
Skew 10d8.3%-0.7%11.7%10.2%-0.7%
Call IV 25d45.9%41.7%53.7%45.3%53.6%
Put IV 25d50.4%46.8%54.1%50.8%53.5%
Bid-Ask Spread %1.961.534.421.681.72
Gamma HHI0.090.030.580.030.03
Net GEX296.7M-44.1M1.28B-611.3K391.3M
Net DEX-11.68B-28.19B-782.1M-2.03B-27.15B
Net VEX-221.6M-256.0M-203.0M-203.8M-256.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.451.280.951.03
Total Volume1,724,261.136749,8434,280,6971,193,1291,144,611
Total OI8,952,107.6368,475,7449,457,6538,475,7449,135,731

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$161.50$175.0047.8%13.6%54.8%4.3%48.3%5.5%0.2%-611.3K-2.03B-203.8M0.951.68N/AN/A613,415579,7144,838,6213,637,123
2023-05-02$159.20$170.0049.4%14.4%52.2%7.4%50.8%6.2%0.3%-44.1M-782.1M-203.0M0.871.63N/AN/A756,058654,0954,930,6813,721,029
2023-05-03$160.74$172.5049.9%14.6%52.6%8.5%50.5%6.4%0.0%2.3M-1.72B-205.7M1.281.96N/AN/A755,304965,7405,003,5043,791,742
2023-05-04$161.30$175.0049.9%14.5%52.3%8.6%50.1%6.7%0.1%-41.0M-1.87B-206.2M0.911.98N/AN/A734,933671,0815,062,4563,847,928
2023-05-05$169.96$175.0044.0%13.1%56.4%0.0%47.3%5.5%0.5%1.23B-9.26B-215.8M0.761.88N/AN/A1,472,2691,118,3565,105,2533,893,835
2023-05-08$171.75$175.0046.3%13.4%56.6%4.4%47.4%6.1%0.4%147.0M-8.86B-217.6M0.701.72N/AN/A722,450502,7044,922,6363,725,488
2023-05-09$168.90$175.0045.8%13.4%56.3%3.5%47.4%5.7%0.8%89.0M-6.61B-213.0M0.841.77N/AN/A544,676456,0655,006,0543,790,585
2023-05-10$169.26$175.0044.9%13.2%55.5%1.7%46.6%5.7%1.1%137.7M-7.04B-213.3M0.941.94N/AN/A938,406883,1755,056,1033,814,939
2023-05-11$172.20$173.3344.5%12.9%55.1%1.0%46.7%5.1%1.1%291.1M-9.46B-215.0M0.744.42N/AN/A837,590616,2355,131,1973,851,896
2023-05-12$168.56$170.0047.1%13.7%55.4%6.0%48.6%4.8%0.8%43.2M-6.55B-212.9M0.572.03N/AN/A2,731,4151,549,2825,214,9603,907,630
2023-05-15$165.73$170.0048.9%14.1%55.3%9.4%49.3%6.1%-0.7%53.4M-4.43B-207.7M0.851.56N/AN/A781,851660,9815,039,4803,861,767
2023-05-16$167.25$170.0048.0%13.8%55.6%7.7%48.9%5.3%-0.3%103.5M-5.61B-210.4M0.841.60N/AN/A680,935572,3365,134,5943,969,716
2023-05-17$174.28$170.0044.9%12.9%57.7%1.7%46.3%5.0%-0.4%362.8M-11.33B-216.9M0.971.53N/AN/A1,141,5751,105,7345,200,8644,033,776
2023-05-18$176.64$170.0044.2%12.7%38.3%0.4%45.0%4.2%-0.6%393.7M-13.03B-219.0M0.732.69N/AN/A1,066,811783,5795,232,7684,104,708
2023-05-19$180.05$170.0044.0%12.7%38.2%0.0%45.2%3.3%-0.5%1.28B-16.57B-222.9M0.591.96N/AN/A2,023,6661,199,0855,300,6824,156,971
2023-05-22$189.13$170.0045.7%13.3%40.8%3.4%48.1%3.4%0.3%343.7M-20.22B-233.0M0.531.78N/AN/A1,064,178559,9384,854,9773,686,242
2023-05-23$186.18$170.0046.8%13.7%41.2%5.4%49.1%3.4%0.4%270.8M-18.01B-235.7M0.451.58N/AN/A994,998450,2934,985,7843,867,382
2023-05-24$183.72$170.0048.1%14.1%37.1%8.0%49.8%4.1%0.1%234.6M-15.86B-233.3M0.821.79N/AN/A485,562398,0045,092,1543,891,726
2023-05-25$184.72$170.0047.4%13.9%35.5%6.7%49.2%3.2%0.2%320.7M-16.97B-234.1M0.481.72N/AN/A508,237241,6065,157,0553,937,034
2023-05-26$193.14$170.0049.6%14.6%37.4%11.0%53.1%2.0%0.2%534.8M-25.40B-244.9M0.512.25N/AN/A1,766,165908,2685,194,9094,002,261
2023-05-30$201.23$170.0052.4%16.0%38.1%16.4%57.9%0.4%1.8%392.6M-28.19B-255.1M0.791.85N/AN/A723,728568,6414,992,8863,859,241
2023-05-31$199.99$173.3352.0%15.6%37.5%15.6%56.4%-0.1%2.0%391.3M-27.15B-256.0M1.031.72N/AN/A562,916581,6955,158,4703,977,261