TSLA Options History — January 2025

In January 2025, TSLA traded between $378.33 and $430.30. ATM implied volatility averaged 65.9%, placing in the 73.9% IV rank vs the trailing year. The 30-day expected move averaged 18.2%. IV traded below realized volatility by 3.1% (HV 20d: 69.1%). Max pain ranged from $240.00 to $370.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.70.

Notable Days

2025-01-17: Highest Volume — 3,839,089 contracts
2025-01-30: Largest IV drop — 17.1% change
2025-01-06: Highest IV Rank — 88.0%
2025-01-29: Largest Expected Move — 19.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$404.38	$378.33	$430.30	$378.33	$403.38
Max Pain	$338.25	$240.00	$370.00	$240.00	$365.00
ATM IV	65.9%	54.1%	71.0%	68.0%	54.1%
Expected Move	18.2%	15.4%	19.8%	16.3%	15.4%
HV 20d	69.1%	58.4%	77.3%	71.7%	58.4%
HV 60d	73.6%	67.1%	78.5%	76.7%	67.1%
IV Rank	73.9%	40.6%	88.0%	79.7%	40.6%
IV Percentile	84.4%	50.0%	96.4%	91.7%	50.0%
Term Structure	-2.0%	-3.7%	0.4%	-2.2%	0.4%
VWIV	64.9%	54.9%	70.2%	58.7%	54.9%
Skew 25d	-3.3%	-5.4%	-0.3%	-0.3%	-1.7%
Skew 10d	-5.5%	-9.4%	-0.9%	-0.9%	-2.3%
Call IV 25d	68.6%	55.4%	74.7%	69.4%	55.4%
Put IV 25d	65.3%	53.7%	70.3%	69.1%	53.7%
Bid-Ask Spread %	3.50	2.10	5.17	2.58	2.10
Gamma HHI	0.03	0.02	0.09	0.03	0.03
Net GEX	550.4M	20.6M	1.49B	20.6M	537.4M
Net DEX	-64.31B	-95.90B	-44.08B	-53.24B	-52.37B
Net VEX	-295.7M	-310.9M	-281.5M	-281.5M	-293.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.70	0.52	0.85	0.85	0.82
Total Volume	2,112,164.6	820,517	3,839,089	3,025,657	3,405,699
Total OI	7,262,276.3	5,768,351	8,579,368	7,996,646	6,663,500

Daily Data (20 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
2025-01-02	$378.33	$240.00	68.0%	16.3%	71.7%	79.7%	58.7%	-0.3%	-2.2%	20.6M	-53.24B	-281.5M	0.85	2.58	N/A	N/A	1,631,693	1,393,964	3,963,779	4,032,867
2025-01-03	$409.67	$240.00	68.4%	16.3%	76.4%	80.7%	58.6%	-2.3%	-2.0%	746.4M	-80.33B	-301.2M	0.72	2.13	N/A	N/A	2,073,562	1,483,272	4,211,324	4,097,531
2025-01-06	$406.88	$320.00	71.0%	19.0%	75.4%	88.0%	67.9%	-3.8%	-1.8%	681.0M	-77.05B	-301.5M	0.59	3.66	N/A	N/A	1,267,888	749,011	3,876,949	3,824,383
2025-01-07	$391.44	$330.00	69.6%	18.6%	75.8%	84.2%	66.9%	-3.2%	-2.1%	431.9M	-65.90B	-297.8M	0.82	4.61	N/A	N/A	955,220	785,777	4,056,361	3,953,881
2025-01-08	$396.67	$330.00	66.9%	18.1%	75.9%	76.6%	64.5%	-3.1%	-1.7%	507.8M	-68.98B	-297.2M	0.74	4.39	N/A	N/A	961,691	714,467	4,130,542	4,030,566
2025-01-10	$394.61	$330.00	66.5%	18.1%	74.6%	75.4%	64.2%	-2.6%	-1.8%	326.6M	-67.26B	-291.6M	0.81	5.17	N/A	N/A	1,433,100	1,158,269	4,174,309	4,078,959
2025-01-13	$396.96	$330.00	67.8%	18.5%	72.6%	79.1%	65.3%	-2.3%	-2.5%	510.3M	-69.93B	-290.4M	0.71	2.63	N/A	N/A	781,484	558,546	3,879,031	3,852,295
2025-01-14	$396.54	$340.00	68.7%	18.7%	72.6%	81.5%	66.6%	-2.3%	-3.0%	542.9M	-69.82B	-293.0M	0.52	4.24	N/A	N/A	1,399,130	725,649	3,967,310	3,954,770
2025-01-15	$428.85	$345.00	69.8%	19.1%	77.3%	84.7%	67.8%	-3.6%	-3.2%	1.14B	-93.20B	-309.0M	0.59	4.26	N/A	N/A	1,380,111	815,313	4,122,053	4,031,409
2025-01-16	$414.69	$350.00	68.4%	18.9%	74.5%	80.9%	67.0%	-5.0%	-3.2%	810.7M	-81.51B	-306.3M	0.64	3.57	N/A	N/A	1,139,689	724,024	4,222,868	4,180,686
2025-01-17	$430.30	$350.00	70.2%	19.4%	73.9%	85.8%	69.2%	-4.4%	-3.7%	1.49B	-95.90B	-310.9M	0.54	3.56	N/A	N/A	2,493,821	1,345,268	4,339,195	4,240,173
2025-01-21	$421.89	$350.00	68.4%	19.5%	65.2%	80.9%	68.8%	-5.4%	-2.5%	705.4M	-60.60B	-302.2M	0.60	3.33	N/A	N/A	1,177,674	709,192	3,239,306	2,770,519
2025-01-22	$417.56	$360.00	66.3%	19.0%	65.2%	75.0%	67.6%	-5.4%	-2.2%	672.2M	-58.26B	-299.9M	0.64	2.97	N/A	N/A	832,188	531,417	3,369,491	2,911,621
2025-01-23	$409.89	$360.00	64.2%	18.5%	65.4%	68.9%	65.3%	-5.4%	-2.1%	436.5M	-52.96B	-295.2M	0.61	4.43	N/A	N/A	1,062,535	651,920	3,429,378	2,974,342
2025-01-24	$406.51	$365.00	61.5%	17.8%	65.5%	61.5%	63.4%	-4.0%	-1.8%	142.0M	-50.84B	-292.4M	0.75	2.97	N/A	N/A	1,254,994	937,106	3,534,564	3,039,107
2025-01-27	$394.95	$370.00	63.4%	18.7%	61.7%	66.9%	66.3%	-2.9%	-1.6%	309.6M	-46.07B	-287.3M	0.82	3.44	N/A	N/A	519,170	424,311	3,064,989	2,703,362
2025-01-28	$399.04	$360.00	65.4%	19.5%	61.9%	72.4%	68.8%	-2.8%	-1.8%	351.2M	-48.66B	-290.8M	0.74	3.13	N/A	N/A	471,280	349,237	3,129,777	2,767,022
2025-01-29	$389.18	$365.00	65.7%	19.8%	58.4%	73.2%	70.2%	-3.3%	-2.1%	280.5M	-44.08B	-286.3M	0.80	3.73	N/A	N/A	619,529	498,114	3,198,684	2,851,054
2025-01-30	$400.18	$365.00	54.5%	15.7%	59.3%	41.8%	55.5%	-2.8%	0.2%	362.5M	-49.28B	-286.3M	0.75	3.13	N/A	N/A	1,617,210	1,210,767	3,381,353	2,996,216
2025-01-31	$403.38	$365.00	54.1%	15.4%	58.4%	40.6%	54.9%	-1.7%	0.4%	537.4M	-52.37B	-293.7M	0.82	2.10	N/A	N/A	1,875,253	1,530,446	3,541,952	3,121,548