TSLA Options History — November 2025

In November 2025, TSLA traded between $395.19 and $468.77. ATM implied volatility averaged 53.3%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 6.4% (HV 20d: 46.9%). Max pain ranged from $340.00 to $405.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.69.

Notable Days

2025-11-07: Highest Volume — 3,812,877 contracts
2025-11-07: Largest IV drop — 10.1% change
2025-11-06: Highest IV Rank — 27.6%
2025-11-05: Largest Expected Move — 17.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$425.05	$395.19	$468.77	$468.77	$428.90
Max Pain	$354.21	$340.00	$405.00	$400.00	$350.00
ATM IV	53.3%	45.9%	61.3%	56.3%	45.9%
Expected Move	15.5%	13.3%	17.4%	16.8%	13.3%
HV 20d	46.9%	43.1%	50.4%	43.1%	46.7%
HV 60d	45.7%	43.1%	47.5%	43.1%	46.6%
IV Rank	15.5%	4.2%	27.6%	20.0%	4.2%
IV Percentile	24.8%	6.7%	54.8%	34.1%	6.7%
Term Structure	-0.1%	-2.0%	1.2%	0.4%	1.2%
VWIV	55.5%	47.8%	62.8%	59.9%	47.8%
Skew 25d	0.3%	-2.7%	5.2%	-2.0%	1.0%
Skew 10d	2.9%	-3.4%	12.9%	0.1%	3.0%
Call IV 25d	54.5%	46.0%	64.5%	58.5%	46.0%
Put IV 25d	54.8%	46.9%	62.4%	56.5%	46.9%
Bid-Ask Spread %	3.02	2.20	4.00	2.20	2.74
Gamma HHI	0.03	0.02	0.05	0.03	0.05
Net GEX	653.4M	-129.4M	1.31B	1.21B	1.31B
Net DEX	-57.41B	-87.36B	-36.97B	-87.36B	-61.79B
Net VEX	-410.5M	-450.3M	-378.3M	-445.1M	-395.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.69	0.51	0.94	0.59	0.71
Total Volume	2,234,238.316	1,135,845	3,812,877	1,628,322	1,740,540
Total OI	8,076,813	7,355,311	8,731,575	7,589,673	7,955,528

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
2025-11-03	$468.77	$400.00	56.3%	16.8%	43.1%	20.0%	59.9%	-2.0%	0.4%	1.21B	-87.36B	-445.1M	0.59	2.20	N/A	N/A	1,024,248	604,074	4,107,312	3,482,361
2025-11-04	$449.17	$400.00	56.2%	16.8%	44.8%	19.8%	59.7%	-1.9%	0.2%	901.9M	-73.05B	-439.3M	0.60	2.38	N/A	N/A	970,457	581,179	4,232,607	3,608,698
2025-11-05	$460.72	$405.00	57.7%	17.4%	45.6%	22.1%	61.9%	-1.8%	-0.1%	1.25B	-82.95B	-450.3M	0.51	2.79	N/A	N/A	1,212,727	622,387	4,328,760	3,672,989
2025-11-06	$445.78	$340.00	61.3%	17.3%	47.2%	27.6%	62.8%	-2.1%	-0.5%	878.4M	-71.09B	-450.1M	0.58	3.56	N/A	N/A	1,476,710	850,641	4,447,585	3,769,218
2025-11-07	$431.66	$340.00	55.1%	15.9%	45.7%	18.2%	58.1%	-2.1%	0.5%	315.8M	-59.17B	-431.1M	0.72	3.59	N/A	N/A	2,220,015	1,592,862	4,649,878	3,871,655
2025-11-10	$445.34	$340.00	53.8%	15.6%	44.3%	16.2%	56.1%	-1.7%	0.3%	1.00B	-72.05B	-432.8M	0.57	2.91	N/A	N/A	984,809	566,108	4,342,082	3,581,665
2025-11-11	$437.98	$340.00	50.8%	14.8%	44.3%	11.7%	52.8%	-2.7%	0.5%	904.7M	-66.20B	-421.7M	0.69	3.78	N/A	N/A	672,571	463,274	4,440,653	3,674,258
2025-11-12	$431.60	$340.00	49.9%	14.4%	44.3%	10.3%	52.1%	-2.3%	0.4%	721.1M	-60.93B	-416.7M	0.61	2.82	N/A	N/A	839,365	510,273	4,481,771	3,718,086
2025-11-13	$402.66	$340.00	54.3%	15.5%	50.4%	17.0%	56.6%	-0.2%	-0.3%	67.6M	-39.49B	-391.6M	0.72	3.90	N/A	N/A	2,030,580	1,458,837	4,532,114	3,770,978
2025-11-14	$405.65	$340.00	51.4%	14.8%	49.3%	12.6%	53.9%	0.6%	0.3%	428.5M	-44.29B	-393.7M	0.77	4.00	N/A	N/A	2,157,986	1,652,949	4,827,761	3,903,814
2025-11-17	$406.73	$345.00	53.3%	15.3%	48.7%	15.5%	54.0%	1.4%	-1.2%	416.0M	-45.81B	-392.4M	0.62	3.37	N/A	N/A	1,345,941	838,758	4,348,012	3,678,723
2025-11-18	$402.38	$350.00	54.7%	15.7%	48.7%	17.6%	55.6%	1.9%	-1.4%	228.2M	-41.55B	-390.2M	0.80	3.35	N/A	N/A	903,218	726,608	4,374,754	3,801,799
2025-11-19	$403.07	$350.00	54.3%	15.6%	48.5%	16.9%	55.5%	2.5%	-1.7%	255.6M	-42.47B	-390.7M	0.62	2.78	N/A	N/A	927,848	578,749	4,445,407	3,843,256
2025-11-20	$399.10	$350.00	57.1%	16.5%	47.3%	21.2%	58.2%	4.9%	-2.0%	159.4M	-39.50B	-386.8M	0.77	2.61	N/A	N/A	1,879,401	1,448,515	4,493,703	3,875,443
2025-11-21	$395.19	$350.00	54.0%	15.7%	46.1%	16.6%	55.4%	5.2%	-1.7%	-129.4M	-36.97B	-378.3M	0.81	2.90	N/A	N/A	2,047,018	1,667,841	4,590,688	3,871,956
2025-11-24	$418.23	$350.00	51.5%	15.1%	48.9%	12.7%	54.2%	2.3%	0.4%	669.7M	-53.56B	-399.2M	0.71	2.43	N/A	N/A	1,084,304	772,617	3,981,080	3,374,231
2025-11-25	$418.12	$350.00	49.0%	14.4%	48.0%	9.0%	51.5%	1.7%	0.7%	739.3M	-53.40B	-396.4M	0.94	2.35	N/A	N/A	960,432	900,514	4,116,378	3,511,529
2025-11-26	$424.84	$350.00	46.2%	13.5%	48.5%	4.7%	48.0%	0.9%	1.2%	1.08B	-59.10B	-397.4M	0.74	2.86	N/A	N/A	1,225,732	910,440	4,160,708	3,592,007
2025-11-28	$428.90	$350.00	45.9%	13.3%	46.7%	4.2%	47.8%	1.0%	1.2%	1.31B	-61.79B	-395.6M	0.71	2.74	N/A	N/A	1,018,908	721,632	4,238,952	3,716,576