TSLA Options History — February 2025

In February 2025, TSLA traded between $283.01 and $393.07. ATM implied volatility averaged 54.7%, placing in the 41.5% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded above realized volatility by 1.6% (HV 20d: 53.0%). Max pain ranged from $305.00 to $370.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 0.78.

Notable Days

2025-02-28: Highest Volume — 3,665,288 contracts
2025-02-25: Largest IV spike — 14.2% change
2025-02-27: Highest IV Rank — 68.7%
2025-02-27: Largest Expected Move — 19.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$342.70	$283.01	$393.07	$382.64	$290.49
Max Pain	$327.89	$305.00	$370.00	$370.00	$305.00
ATM IV	54.7%	49.3%	64.3%	55.6%	63.9%
Expected Move	15.8%	14.3%	19.0%	16.1%	18.7%
HV 20d	53.0%	47.7%	61.0%	55.0%	60.5%
HV 60d	61.9%	59.1%	68.0%	68.0%	63.5%
IV Rank	41.5%	26.0%	68.7%	44.9%	67.8%
IV Percentile	49.6%	31.3%	80.2%	54.8%	79.4%
Term Structure	0.4%	-0.4%	1.6%	0.1%	1.0%
VWIV	56.3%	50.9%	66.6%	57.4%	66.3%
Skew 25d	0.3%	-2.0%	5.4%	-2.0%	4.7%
Skew 10d	1.9%	-2.9%	12.4%	-2.2%	10.5%
Call IV 25d	55.3%	50.8%	62.4%	57.4%	61.8%
Put IV 25d	55.6%	49.4%	67.8%	55.4%	66.5%
Bid-Ask Spread %	3.19	1.84	7.34	1.90	2.59
Gamma HHI	0.03	0.02	0.10	0.02	0.02
Net GEX	98.4M	-280.6M	531.0M	171.1M	68.8M
Net DEX	-26.87B	-47.78B	-3.12B	-40.34B	-9.43B
Net VEX	-290.1M	-312.8M	-268.7M	-288.3M	-298.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.78	0.57	1.11	0.78	0.90
Total Volume	2,358,835.158	1,270,698	3,665,288	1,804,638	3,665,288
Total OI	7,071,030.895	6,129,254	8,049,218	6,129,254	8,049,218

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
2025-02-03	$382.64	$370.00	55.6%	16.1%	55.0%	44.9%	57.4%	-2.0%	0.1%	171.1M	-40.34B	-288.3M	0.78	1.90	N/A	N/A	1,016,530	788,108	3,250,798	2,878,456
2025-02-04	$393.07	$370.00	53.8%	15.3%	47.7%	39.8%	54.3%	-1.9%	0.5%	442.0M	-47.78B	-294.8M	0.57	2.10	N/A	N/A	810,260	460,438	3,440,887	2,998,056
2025-02-05	$376.12	$370.00	53.0%	14.8%	50.0%	36.6%	53.0%	-1.9%	0.3%	118.2M	-37.53B	-287.9M	0.66	1.84	N/A	N/A	838,696	550,479	3,535,961	3,041,259
2025-02-06	$372.12	$315.00	49.3%	14.5%	48.3%	26.0%	51.9%	-1.4%	0.6%	26.1M	-34.81B	-283.4M	0.63	2.93	N/A	N/A	1,439,535	901,239	3,646,296	3,108,533
2025-02-07	$360.94	$320.00	50.0%	14.5%	48.9%	28.2%	52.3%	-0.7%	0.4%	-280.6M	-28.84B	-282.4M	0.74	3.39	N/A	N/A	1,552,490	1,149,355	3,781,666	3,171,402
2025-02-10	$352.18	$320.00	52.0%	15.0%	49.4%	33.9%	53.9%	-0.9%	0.3%	-27.0M	-27.22B	-277.4M	0.70	3.33	N/A	N/A	1,020,241	719,210	3,431,487	2,995,901
2025-02-11	$326.89	$320.00	56.9%	16.2%	54.9%	47.8%	58.2%	-0.4%	-0.4%	-157.3M	-15.30B	-268.7M	0.78	3.26	N/A	N/A	1,664,586	1,305,569	3,635,036	3,086,297
2025-02-12	$339.77	$320.00	53.7%	15.4%	57.5%	38.6%	55.0%	-0.5%	0.1%	120.3M	-24.74B	-286.9M	0.62	4.55	N/A	N/A	1,623,882	1,000,451	3,972,293	3,252,942
2025-02-13	$355.24	$325.00	53.0%	15.3%	51.7%	36.7%	54.6%	-1.9%	0.5%	518.8M	-37.61B	-305.3M	0.65	7.34	N/A	N/A	1,617,703	1,048,824	4,073,766	3,366,150
2025-02-14	$354.99	$325.00	52.2%	15.1%	51.0%	34.3%	53.8%	-1.8%	0.7%	496.8M	-37.15B	-312.8M	0.77	3.58	N/A	N/A	1,569,216	1,203,485	4,180,709	3,427,192
2025-02-18	$352.67	$325.00	51.6%	14.8%	48.2%	32.6%	52.8%	-1.5%	-0.0%	290.6M	-34.32B	-303.0M	0.78	2.88	N/A	N/A	734,594	572,354	3,824,326	3,226,270
2025-02-19	$360.25	$325.00	51.3%	14.7%	49.3%	31.8%	52.4%	-1.9%	0.1%	531.0M	-40.06B	-307.9M	0.69	3.94	N/A	N/A	1,248,760	867,410	3,933,152	3,311,426
2025-02-20	$354.09	$325.00	49.9%	14.3%	49.4%	27.8%	50.9%	-1.1%	0.1%	275.8M	-35.22B	-306.1M	0.87	2.56	N/A	N/A	885,312	767,447	4,014,254	3,488,421
2025-02-21	$336.19	$325.00	51.5%	14.8%	51.7%	32.3%	52.8%	2.0%	-0.2%	-278.7M	-23.67B	-292.3M	0.82	4.49	N/A	N/A	1,648,130	1,348,177	4,073,910	3,538,286
2025-02-24	$331.81	$320.00	54.1%	15.7%	51.7%	39.7%	55.7%	1.9%	1.6%	17.2M	-22.14B	-289.7M	0.92	2.55	N/A	N/A	854,427	782,195	3,460,340	3,095,204
2025-02-25	$299.38	$320.00	61.8%	18.1%	61.0%	61.6%	64.2%	4.7%	0.6%	-183.1M	-7.08B	-269.0M	0.90	2.43	N/A	N/A	1,801,143	1,615,844	3,584,582	3,212,901
2025-02-26	$289.47	$315.00	60.8%	17.9%	60.7%	58.7%	63.0%	4.9%	1.1%	-143.3M	-4.23B	-275.7M	0.91	2.22	N/A	N/A	1,426,336	1,296,421	4,039,008	3,420,443
2025-02-27	$283.01	$315.00	64.3%	19.0%	60.7%	68.7%	66.6%	5.4%	0.6%	-137.5M	-3.12B	-281.4M	1.11	2.76	N/A	N/A	1,434,024	1,589,709	4,321,605	3,481,154
2025-02-28	$290.49	$305.00	63.9%	18.7%	60.5%	67.8%	66.3%	4.7%	1.0%	68.8M	-9.43B	-298.7M	0.90	2.59	N/A	N/A	1,929,604	1,735,684	4,504,136	3,545,082