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TSLA

Tesla, Inc.Close $418.45EOD only
Max Pain
$420.00
Next expiry Jun 5, 2026
Expected Move
±$8.18
1.9% from close
Price Gap
+1.55
Distance to max pain
IV Rank
45
Middle-high premium
P/C OI
0.73
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 4, 2026 close
End-of-day snapshot

This page reflects TSLA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jun 4, 2026 close
TSLA Earnings Report
Analysis based on market close June 5, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Earnings Verdict

TSLA 47 days from earnings; near-term IV moderate; bearish net premium with heavy 0DTE call volume; spot below max pain; negative market context.

Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 6.9% from MP; +0.5 VIX 22
Most important: Focus on pin action at $420 and $410 call wall; net put premium suggests hedging.
🔴Net premium -$1.41B (bearish), largest put flow on deep OTM puts

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$300.00 — Approx — based on put OI concentration of 22,891 (23.3% below spot)

Earnings Overview

Next earnings: 2026-07-22 (47 days)explicit

Expected moves:

  • 2026-06-08 (3d): ±$11.60 (3.0%)
  • 2026-06-10 (5d): ±$18.15 (4.6%)
  • 2026-06-12 (7d): ±$23.68 (6.1%)

IV Setup

Term structure: Near-term IV 15-37%; OTM put skew elevated.

Crush estimate: Post-expiry IV crush ~50% of ATM IV.

Skew: Put skew high on deep OTM; call skew flat.

Historical Context

Beat rate: 40% (2/5 quarters)

Avg move vs expected: Not available

Directional bias: Neutral

Key Levels

1$300.00 gamma flip
2EM guardrails: 2d $379.40/$402.60; 1w $372.85/$409.15
3Max pain pins: $420 (2026-06-05); $422 (2026-06-08); $425 (2026-06-10)

Flow Highlights

Unusual 0DTE call volume on $392.5-$405 strikes with OI jumps.

Likely dealer hedging or speculative positioning near expiry.

Strategies

Range-Bound Iron Condor
Sell 2026-06-12 $380.00/$370.00 put wing and $410.00/$415.00 call wing
Credit: $3.38-$4.13
Max loss: $5.87
Max gain: $4.13
BE: 375.87 / 414.13
Trigger: Adjust if $380 support breaks.
Captures elevated IV with defined risk range.
Outperforms: Sells premium between $370 and $415 support/resistance.
Underperforms: Move outside short strikes invalidates range thesis.
Put Calendar Skew Play
Sell 2026-06-12 $400.00 put / buy 2026-07-17 $400.00 put
Debit: $11.34-$13.86
Max loss: $13.86
Max gain: Variable
BE: Path-dependent
Trigger: Exit if stock drops below $360.
Exploits elevated near-term put skew and term structure.
Outperforms: Sells near-term put, buys longer-term put to profit from IV decline.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short strangle
Sell 2026-06-12 $380.00 put + sell $410.00 call
Credit: $10.89-$13.31
Max loss: Unlimited
Max gain: $13.31
BE: 366.69 / 423.31
High near-term IV and defined resistance at $420, support at $380.
Outperforms: Sell premium on range expectation; leverage elevated put skew.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Spot below gamma flip level ($420)
!Market selloff (SPY -2.6%) increases downside risk
!High VIX (21.5) elevates overall volatility

What to Watch

?Monday open interest pin action at $420
?Weekly $410 call wall
?Market direction following Friday's selloff
How to Use These Reports
This earnings reflects the market close on June 5, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.