TSLA Options History — May 2025

In May 2025, TSLA traded between $275.86 and $360.55. ATM implied volatility averaged 60.7%, placing in the 28.8% IV rank vs the trailing year. The 30-day expected move averaged 17.4%. IV traded below realized volatility by 5.2% (HV 20d: 65.9%). Max pain ranged from $260.00 to $285.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2025-05-09: Highest Volume — 5,101,557 contracts
  • 2025-05-27: Largest IV spike — 5.5% change
  • 2025-05-01: Highest IV Rank — 32.2%
  • 2025-05-01: Largest Expected Move — 18.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$324.35$275.86$360.55$283.13$351.80
Max Pain$271.67$260.00$285.00$260.00$285.00
ATM IV60.7%58.9%63.6%62.4%60.7%
Expected Move17.4%16.8%18.7%18.7%17.2%
HV 20d65.9%41.0%110.4%110.4%44.5%
HV 60d90.8%88.8%92.3%92.0%89.0%
IV Rank28.8%25.6%32.2%32.2%25.9%
IV Percentile50.5%43.3%62.3%59.5%48.0%
Term Structure0.6%-1.0%2.5%0.6%2.3%
VWIV62.7%60.0%66.6%66.6%61.4%
Skew 25d-0.2%-3.8%4.1%3.9%-1.6%
Skew 10d0.6%-6.8%10.5%10.5%-3.5%
Call IV 25d62.1%57.8%66.8%61.1%62.2%
Put IV 25d61.9%60.0%65.0%65.0%60.5%
Bid-Ask Spread %3.001.956.011.952.42
Gamma HHI0.040.020.210.020.06
Net GEX692.0M207.9M1.26B396.3M726.1M
Net DEX-44.88B-65.45B-19.55B-25.16B-51.59B
Net VEX-361.6M-395.3M-312.0M-328.1M-383.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.460.810.640.67
Total Volume2,454,9361,159,1655,101,5572,025,8513,559,313
Total OI8,713,903.6678,076,4399,301,6899,014,4848,932,151

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$283.13$260.0062.4%18.7%110.4%32.2%66.6%3.9%0.6%396.3M-25.16B-328.1M0.641.95N/AN/A1,233,409792,4424,555,7644,458,720
2025-05-02$286.58$260.0060.7%17.8%108.6%29.9%63.6%3.5%1.1%560.9M-27.48B-329.9M0.642.44N/AN/A2,449,4141,568,9524,635,0504,552,386
2025-05-05$280.51$265.0061.3%17.6%103.8%30.8%63.0%3.9%0.2%219.7M-21.22B-319.1M0.763.06N/AN/A921,084704,3974,278,4234,081,592
2025-05-06$276.52$265.0060.9%17.5%101.3%30.1%62.4%4.1%0.3%207.9M-19.61B-316.3M0.812.29N/AN/A668,359543,8694,403,9124,150,467
2025-05-07$275.86$265.0058.9%17.0%98.9%27.2%61.3%3.6%0.5%217.0M-19.55B-312.0M0.783.91N/AN/A650,401508,7644,467,8474,181,818
2025-05-08$287.54$270.0059.8%17.1%68.8%28.5%60.8%1.9%0.4%514.9M-27.90B-321.3M0.532.99N/AN/A1,613,267858,3744,523,7324,215,181
2025-05-09$298.77$270.0061.3%17.6%60.4%30.7%63.5%0.8%0.4%1.23B-36.93B-341.4M0.683.02N/AN/A3,037,5182,064,0394,700,1434,289,422
2025-05-12$317.35$270.0059.2%16.8%63.0%27.7%60.0%0.4%-0.7%713.6M-45.28B-346.9M0.633.07N/AN/A1,387,780874,1124,454,0663,974,873
2025-05-13$335.89$270.0059.8%16.9%64.9%28.6%61.1%-2.5%-0.7%877.7M-58.42B-368.2M0.576.01N/AN/A1,938,3641,096,6194,574,6974,079,782
2025-05-14$346.21$270.0061.8%17.4%64.5%31.5%63.3%-3.5%-1.0%994.5M-65.45B-380.1M0.493.99N/AN/A1,966,139971,4724,667,6314,195,254
2025-05-15$342.81$270.0060.4%17.2%58.2%28.0%62.6%-2.9%-0.6%932.9M-61.13B-380.5M0.623.99N/AN/A1,453,153898,4394,763,1544,313,235
2025-05-16$348.31$270.0059.7%17.1%58.2%27.0%63.3%-3.8%-0.4%1.26B-65.41B-386.1M0.563.54N/AN/A2,199,4671,230,7114,916,4874,385,202
2025-05-19$341.78$275.0060.2%17.2%52.3%27.8%63.7%-3.2%0.2%617.8M-49.06B-379.4M0.553.24N/AN/A997,726550,6624,197,5313,878,908
2025-05-20$343.19$275.0060.1%17.2%51.5%27.7%62.5%-2.0%0.2%702.4M-50.52B-382.4M0.462.93N/AN/A1,675,242765,4754,375,6343,968,963
2025-05-21$335.63$275.0060.5%17.3%51.0%28.2%63.0%0.8%0.5%517.4M-44.17B-377.0M0.572.61N/AN/A1,241,467706,4974,494,6694,080,656
2025-05-22$343.32$275.0059.4%17.0%51.1%25.6%61.1%-0.4%0.7%797.0M-50.55B-380.8M0.652.10N/AN/A1,208,231786,1344,577,6354,149,449
2025-05-23$340.49$275.0060.3%17.2%41.0%26.8%61.5%-0.4%0.8%484.7M-48.47B-380.7M0.722.22N/AN/A1,557,8011,124,8724,667,0094,261,258
2025-05-27$360.55$280.0063.6%18.1%44.3%31.8%64.9%-2.6%2.1%873.0M-60.18B-391.3M0.612.65N/AN/A1,479,527908,9184,273,3843,924,813
2025-05-28$357.09$280.0062.4%17.7%44.9%30.0%64.2%-1.8%2.5%785.3M-56.69B-395.3M0.612.19N/AN/A945,531579,0264,447,5204,149,785
2025-05-29$358.02$280.0062.1%17.7%43.3%29.5%63.0%-1.8%2.1%903.2M-57.67B-394.1M0.622.38N/AN/A1,134,072702,6174,573,5394,220,235
2025-05-30$351.80$285.0060.7%17.2%44.5%25.9%61.4%-1.6%2.3%726.1M-51.59B-383.6M0.672.42N/AN/A2,133,9571,425,3564,649,0064,283,145