Analyzing Options Activity for a Stock

Analyzing Options Activity


Options trades can be analyzed from different perspectives. We look at a breakdown of option activity for TSLA from different viewpoints including: Option Volume, Implied Volatility, Skew, and Open Interest.


The summary allows us to see where options trading and open interest is concentrated by expiration month and strike prices. We can also see what the implied volatility is doing relative to term structure and wing skew.  When you click on the volume or open interest, a chart below the table appears showing the historical and current data. The skew within an expiration month is an indicator what the upside and downside implied volatility is relative to the at-the-money option implied volatility. Positive represents the percentage the IV is above the ATM and a negative represents the percentage the IV is below the ATM IV.