TSLA Options History — September 2023

In September 2023, TSLA traded between $239.80 and $275.95. ATM implied volatility averaged 51.4%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded below realized volatility by 6.8% (HV 20d: 58.1%). Max pain ranged from $226.67 to $240.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.79.

Notable Days

  • 2023-09-01: Highest Volume — 3,319,070 contracts
  • 2023-09-05: Largest IV spike — 7.6% change
  • 2023-09-27: Highest IV Rank — 28.4%
  • 2023-09-27: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$256.89$239.80$275.95$244.53$249.91
Max Pain$236.58$226.67$240.00$226.67$240.00
ATM IV51.4%45.3%57.1%45.3%54.0%
Expected Move15.2%12.0%16.7%12.0%15.8%
HV 20d58.1%51.9%64.6%51.9%54.4%
HV 60d50.9%49.1%53.4%50.3%49.2%
IV Rank17.5%6.1%28.4%6.1%22.4%
IV Percentile26.9%11.1%40.9%11.1%32.1%
Term Structure0.5%-1.5%3.9%3.8%-1.5%
VWIV53.5%43.0%58.8%43.0%55.6%
Skew 25d2.6%1.3%4.5%1.8%4.5%
Skew 10d3.9%1.5%7.6%2.4%7.6%
Call IV 25d50.5%43.9%55.4%43.9%52.4%
Put IV 25d53.1%45.7%59.7%45.7%56.9%
Bid-Ask Spread %1.901.392.351.672.22
Gamma HHI0.050.020.240.060.24
Net GEX396.4M-133.3M900.3M71.6M823.7M
Net DEX-38.18B-58.91B-21.62B-31.08B-30.72B
Net VEX-265.1M-274.2M-253.8M-270.1M-256.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.661.020.680.89
Total Volume2,186,4891,260,5653,319,0703,319,0702,805,948
Total OI8,671,029.87,625,4919,730,0739,403,1328,334,323

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$244.53$226.6745.3%12.0%51.9%6.1%43.0%1.8%3.8%71.6M-31.08B-270.1M0.681.67N/AN/A1,972,8811,346,1895,155,3234,247,809
2023-09-05$256.70$230.0048.7%14.9%54.6%12.5%52.5%2.2%-0.6%580.5M-43.01B-274.2M0.762.11N/AN/A1,060,492802,1484,938,8244,003,789
2023-09-06$252.13$230.0048.8%14.8%55.0%12.8%52.6%1.9%-0.5%379.9M-38.20B-272.1M0.862.22N/AN/A1,012,411872,7815,034,7884,135,474
2023-09-07$252.17$235.0049.0%14.9%54.1%13.1%52.5%2.2%-0.7%496.9M-38.74B-270.8M0.752.34N/AN/A1,337,604998,0015,112,4254,182,090
2023-09-08$247.95$235.0047.5%14.5%54.5%10.3%51.2%2.3%-0.6%180.8M-34.27B-265.7M0.761.78N/AN/A1,812,9471,384,8115,149,1954,254,776
2023-09-11$273.24$235.0049.6%15.1%64.2%14.2%53.8%1.5%3.2%697.0M-56.86B-271.5M0.722.35N/AN/A1,710,1511,236,3214,902,0254,024,449
2023-09-12$267.50$235.0050.0%15.3%64.6%15.0%54.0%1.4%3.4%546.7M-50.23B-273.1M0.731.92N/AN/A1,323,301970,4065,070,0234,270,422
2023-09-13$270.60$230.0049.4%15.1%63.5%13.9%53.4%1.5%3.3%682.2M-53.43B-273.7M0.711.73N/AN/A1,009,260714,9975,151,6464,319,967
2023-09-14$275.95$235.0048.6%14.8%62.1%12.4%52.9%1.3%3.9%900.3M-58.91B-271.7M0.662.04N/AN/A1,188,543779,7885,201,1314,370,984
2023-09-15$273.27$240.0048.7%14.7%60.5%12.5%52.2%1.4%3.8%529.4M-55.54B-270.2M0.761.86N/AN/A1,629,7891,236,6415,272,9284,457,145
2023-09-18$265.06$240.0051.0%14.9%61.6%16.9%52.5%2.2%-0.1%395.7M-39.46B-264.4M0.691.43N/AN/A858,917595,7794,149,5393,475,952
2023-09-19$266.61$240.0050.8%14.7%58.1%16.4%51.9%2.1%-0.1%485.7M-41.11B-264.9M0.791.81N/AN/A705,737554,8284,311,8913,586,325
2023-09-20$263.40$240.0052.4%15.0%58.5%19.5%52.7%2.2%-0.5%388.7M-38.46B-263.6M0.661.89N/AN/A1,228,129810,1544,355,6433,632,862
2023-09-21$257.38$240.0054.2%15.5%59.0%22.9%54.7%3.2%-0.2%80.7M-31.93B-263.3M0.791.52N/AN/A1,224,606972,7154,435,9043,713,487
2023-09-22$246.21$240.0055.3%15.9%60.2%25.0%55.6%3.7%-0.6%-133.3M-22.43B-257.1M0.821.58N/AN/A1,601,7441,315,7834,498,0413,763,139
2023-09-25$245.97$240.0056.0%16.3%59.0%26.3%57.1%4.5%-1.4%193.0M-25.93B-255.7M0.841.39N/AN/A762,992639,0974,252,1463,511,761
2023-09-26$244.17$240.0056.5%16.5%59.1%27.2%58.4%4.0%-1.3%189.7M-24.84B-255.5M0.921.93N/AN/A704,413647,3954,331,2333,592,551
2023-09-27$239.80$240.0057.1%16.7%53.6%28.4%58.8%4.3%-1.4%114.5M-21.62B-253.8M1.002.15N/AN/A1,077,9831,077,5954,404,8383,633,214
2023-09-28$245.34$240.0054.3%15.9%54.3%23.1%55.7%3.9%-1.4%324.4M-26.74B-254.9M1.022.09N/AN/A865,336881,1674,499,8433,682,691
2023-09-29$249.91$240.0054.0%15.8%54.4%22.4%55.6%4.5%-1.5%823.7M-30.72B-256.6M0.892.22N/AN/A1,485,5071,320,4414,546,2093,788,114