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TSLA

Tesla, Inc.Close $396.68EOD only
Max Pain
$407.50
Next expiry Jun 10, 2026
Expected Move
±$9.38
2.4% from close
Price Gap
+10.82
Distance to max pain
IV Rank
55
Middle-high premium
P/C OI
0.73
Slightly call-heavy
Consensus
5.5/10
Range bias
Published snapshot: Jun 9, 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 9, 2026 close
TSLA Earnings Report
Analysis based on market close June 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

TSLA earnings 42 days out; 40% beat rate, high IV environment. Spot below max pain, net premium negative. Unusual 0DTE call activity signals speculative positioning.

Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 4.6% from MP
Most important: Massive 0DTE OTM call volume vs low OI indicates lottery-like bets; heavy put volume at $380-385 hedges downside. Market drop adds bearish pressure.
⚠️Massive 0DTE OTM call volume (300x OI) suggests lottery-like speculation; low probability event.
📉Heavy 0DTE put activity at $380-385 hedges downside; bearish sentiment amid market drop.
📊Net premium -$775M (negative) indicates overall bearish flow; call put OI ratio 0.72 (call-heavy).

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 22,052 (21.4% below spot)

Earnings Overview

Next earnings: 2026-07-22 (42 days)explicit

Expected moves:

  • 2026-06-12 (2d): ±$15.53 (4.1%)
  • 2026-06-15 (5d): ±$20.50 (5.4%)
  • 2026-06-17 (7d): ±$24.58 (6.4%)

IV Setup

Term structure: Moderately upward sloping: 2d ±4.1%, 5d ±5.4%, 7d ±6.4%.

Crush estimate: Moderate crush expected post-earnings given elevated VIX (22.2) and pre-event IV expansion.

Skew: Put/call OI ratio 0.72 suggests call skew; put activity elevated near spot.

Historical Context

Beat rate: 40% (2/5 quarters)

Avg move vs expected: Limited data: beat rate 40% (2/5 quarters); average move magnitude not available.

Directional bias: No clear directional bias from history; recent price action bearish (below max pain).

Key Levels

1$300.00 gamma flip
2EM guardrails: 2d $366.06/$397.11; 1w $361.09/$402.09
3Max pain pins: $400 (2026-06-10); $408 (2026-06-12); $410 (2026-06-15)

Flow Highlights

TSLA 2026-06-12 $850 Call: volume 76,619 vs OI 264 (vol/OI 290x). Far OTM 0DTE lottery.

Speculative buying; likely aggressive retail or gamma targeting; low probability but high volatility.

TSLA 2026-06-10 $380 Put: volume 277,980 vs OI 4,538 (vol/OI 61x). Heavy 0DTE put activity.

Hedging or directional bearish bets as spot nears $380; aligns with market decline.

Strategies

Bearish Put
Buy 2026-08-21 $380.00 put
Debit: $28.62-$34.98
Max loss: $34.98
Max gain: $345.02
BE: $345.02
Trigger: Monitor invalidation at $400; consider taking profit on IV crush post-earnings.
Aligned with bearish price action, heavy put volume at $380-385, and spot below max pain.
Outperforms: Long put to profit from downside move or hedge against further drop.
Underperforms: Break above resistance weakens downside thesis.
High IV Short Strangle
Sell 2026-07-17 $350.00 put + sell $435.00 call
Credit: $16.67-$20.38
Max loss: Unlimited
Max gain: $20.38
BE: 329.62 / 455.38
Trigger: Close before earnings to avoid gap risk; use stops if spot breaks key levels.
High VIX and pre-earnings IV expansion favor premium collection; no directional bias.
Outperforms: Sell put and call to collect elevated premium, betting on range-bound move.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Range-Bound Iron Condor
Sell 2026-07-17 $360.00/$340.00 put wing and $420.00/$445.00 call wing
Credit: $9.25-$11.30
Max loss: $13.70
Max gain: $11.30
BE: 348.70 / 431.30
Trigger: Manage wings if spot approaches strike; roll or close early on IV contraction.
Range-bound expectation near support/resistance; high IV yields attractive credit.
Outperforms: Sell put and call wings to profit from limited move, with defined risk.
Underperforms: Move outside short strikes invalidates range thesis.
Long strangle
Buy 2026-08-21 $380.00 put + buy $400.00 call
Debit: $53.93-$65.92
Max loss: $65.92
Max gain: Unlimited
BE: 314.08 / 465.92
High IV environment, elevated uncertainty, 40% beat rate, potential for outsized move.
Outperforms: Long strangle to capture large move from earnings catalyst.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!High VIX (22.2) and market down (SPY -1.6%) amplify earnings uncertainty.
!Spot 4.6% below max pain ($400) could lead to pin action near $380-$385.
!Unusual 0DTE call activity may indicate speculative positioning; low OI suggests fast exits.
!Gamma flip at $300 adds structural risk if spot breaks below.

What to Watch

?Spot relative to $380 and $385 strikes; key support at $353.
?Gamma flip level at $300; call wall $430-$500 resistance.
?0DTE options volume on expiry days; IV term structure changes approaching earnings.
How to Use These Reports
This earnings reflects the market close on June 10, 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.