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TSLA

Tesla, Inc.Close $435.79EOD only

Max Pain

$435.00

Next expiry Jun 1, 2026

Expected Move

±$8.82

2.0% from close

Price Gap

-0.79

Distance to max pain

IV Rank

High premium

P/C OI

0.74

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 29, 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

May 29, 2026 close

TSLA Flow Report

Analysis based on market close April 13, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from April 13, 2026. A newer flow report is available for May 26, 2026.

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Flow Verdict

Confidence:

6.5 / 10

base 5; +1 pinning GEX concentration; -1 net premium negative (-$26.2M); +0.5 spot ~0.7% from MP; +0.0 other

Watch next session: Intraday concentration and volume at $352.50/$350 strikes (expiries and rolls); New put activity exp 2026-04-15 around $357.50-$360 (would strengthen bearish/hedge read)

Flow Summary

Net premium: -$26.2M bearish

P/C volume ratio: 0.79 — modest call skew in volume (calls more active but not extreme)

P/C OI ratio: 0.69 — OI shows a moderate call lean (positioning has more calls than puts)

Volume today is dominated by large, expiry-day prints centered at the $350-$355 area that look like pinning/rolls and short-term hedges. Aggregate premium is net negative (puts paid more than calls), creating a mild bearish tilt, even as dealer GEX (+$84.6M) and near-term GEX concentrations are pinning price around $352.50.

Notable Prints

TSLA 2026-04-13 $350.00 Put

Vol: 203,013

OI: 1,557

Vol/OI: 130.4x

IV: 6.6%

Notional: ~$2.0M (very low premium per contract; actually high notional in directional gamma terms due to quantity and expiry-day effect)

Intent: Expiration-day hedging / pinning and large block roll/close activity

Dual read: Could be aggressive directional put buying (bearish) OR closing/rolling of existing short puts (neutral to defensive); IV is extremely compressed (6.6%) suggesting expiratory closing/market structure trades

Read-through: High significance for intraday pin pressure to $350 — this is a classic expiry flow that forces dealer hedging near $350 and increases short-term downside sensitivity.

TSLA 2026-04-13 $352.50 Call

Vol: 199,956

OI: 2,269

Vol/OI: 88.1x

IV: 2.1%

Notional: ~$8.8M (many contracts at low premium; large expiratory gamma impact)

Intent: Expiration-day positioning (pinning) and short-covering/closing of call positions

Dual read: Aggressive call buys (bullish) OR closing of short calls / hedging by dealers (neutral); the low IV suggests closing/expiry-driven flow

Read-through: Works with the $350 put print to create heavy expiratory gamma around $350-$352.50 — dealers will be managing delta heavily in this range, increasing short-term pinning risk.

TSLA 2026-04-13 $352.50 Put

Vol: 142,781

OI: 1,236

Vol/OI: 115.5x

IV: 2.5%

Notional: ~$6.9M (expiry-day notional concentrated at-the-money)

Intent: Expiration-day hedge/roll/close (protective activity or assignment-related adjustments)

Dual read: Bought puts (bearish hedge) OR sellers closing short puts (reduces downside exposure); atypically low IV indicates expiry mechanics rather than fresh directional conviction

Read-through: Adds to the expiry pin thesis — concentrated activity both sides of the market around $352.50 will keep gamma and hedging flows localized and can amplify intraday moves.

TSLA 2026-04-15 $357.50 Put

Vol: 25,553

OI: 193

Vol/OI: 132.4x

IV: 33.9%

Notional: ~$9.2M (material — multi-day protection into 4/15)

Intent: Directional put buying / short-dated protective hedges into the next expiry

Dual read: Likely bought protection (bearish/defensive) but could be part of downside spread structures

Read-through: This print is a true back-week protective bet — if follow-through put flow appears at $357.50-$360, that would validate a short-term defensive/incremental bearish posture among institutions.

Institutional Positioning

Call additions: Significant premium flow and OI concentrated at $340-$355 (notably $340 call net premium $106.4M, $350 call $118.4M) — institutions are active in the 340–355 call band, consistent with roll/covered-call strategies or directional call accumulation.

Put additions: Material paid put activity centered at $360 (net premium negative at that strike), and protective activity visible at $357.50 (4/15) and concentrated expiry-day put buying at $350-$352.50. Longer-dated put OI clusters exist at $300 and $200 (structural floor interest).

GEX/DEX consistency: Largely consistent — positive Total GEX ($84.6M) and concentrated near-term GEX at $352.50 (+$45.1M) support pinning behavior even while net premium is negative. Dealers are long gamma near spot which encourages price pinning.

OI clusters: Near-term OI clusters: calls concentrated at $350 (6,104), $360 (5,815), $355 (5,299), $347.50 (4,396). Put clusters: $340 (4,557), $335 (3,679), $337.50 (3,755), $280 (3,976), plus deep put interest at $300 (19,179) and $210 (22,588). The near-term cluster map creates a price magnet in the $340-$355 band and structural support from deep puts between $200-$300.

Hedging evidence: Yes — strong evidence of short-term hedging (expiration-day closing/rolling and protective puts into 4/15 at $357.50-$360). Collars are possible given call activity in the 340–355 band combined with paid puts at 355–360, but explicit collar legs are not isolated in the print list.

Max pain context: Max pain pins at $350 for immediate expiries and $357.50 by 4/17. With spot at $352.42 and GEX concentrated at $352.50, dealers and institutional flow are likely to keep price gravitating toward $350-$352.50 in the short run.

Signal vs Noise

~Large 2026-04-13 expiry prints (calls and puts at $350, $352.50, $355, $357.50) are primarily expiry/pinning flows and closing/rolling activity — interpret cautiously as they often reflect gamma/assignment mechanics rather than fresh directional conviction.

~Very low IV on many 4/13 prints (e.g., $352.50 call IV 2.1%, $350 put IV 6.6%) suggests expiration compression/closeouts, not new directional risk-taking.

~High OI walls at $400-$500 are structural long-term positions (call sellers/holders) and should not be read as immediate upside pressure inside the next 2–7 day EM bounds.

~Deep put OI (e.g., $300 and $210) likely reflects longer-term hedging or synthetic financing, not near-term directional bets.

Key Conclusions

📌Expiry pinning is dominant — concentrated GEX at $352.50 (+$45.1M) plus massive 4/13 expiries will anchor intraday action around $350–$352.50.

⚠️Net premium is negative (-$26.2M) and notable paid protection into 4/15 at $357.50 indicates a mild institutional defensive tilt.

🛡️Evidence of real short-dated protection: $357.50 4/15 put block is meaningful and would ramp hedging flows if followed by more put buying.

🧭Key support sits at the MP zone: $350 and $347.50 (dealer hedging and concentrated put OI); watch failure below $343.70 EM guardrail for acceleration lower.

🔁Most big prints today look like expiry/roll activity (low IV across 4/13 strikes) — avoid over-interpreting single-sided expiry volumes as directional until follow-through shows in back-week flow.

How to Use These Reports

This flow reflects the market close on April 13, 2026.

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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.

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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.