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TSLA

Tesla, Inc.Close $386.42EOD only

Max Pain

$380.00

Next expiry Apr 24, 2026

Expected Move

±$22.65

5.9% from close

Price Gap

-6.42

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.76

Slightly call-heavy

Consensus

6.0/10

Range bias

Published snapshot: Apr 21, 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

Apr 21, 2026 close

TSLA Flow Report

Analysis based on market close April 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.3% from MP; +0.5 VIX 19

Watch next session: Spot vs mid‑price movement around MP; Net GEX change and gamma_flip drift; IV direction on short-dated puts; Unusual put prints and delta hedging

Flow Summary

Net premium: +$76.7M bullish

P/C volume ratio: 0.80

P/C OI ratio: 0.77

Flow is dominantly bullish/pinning: sizeable positive GEX and heavy call flow support upside; monitor concentrated short-dated puts and IV for risk of a downside flip near the ~300–310 gamma level.

Notable Prints

TSLA 2026-04-27 $315.00 Put

Vol: 4,049

OI: 143

Vol/OI: 28.3x

IV: 72.8%

Notional: ~$61K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

TSLA 2026-04-27 $390.00 Put

Vol: 8,693

OI: 747

Vol/OI: 11.6x

IV: 57.4%

Notional: ~$11.0M

Intent: Near-term downside hedge or spread leg

Dual read: Protective put vs bearish leg of structure

Read-through: Notable put flow at ~390 adds downside sensitivity

TSLA 2026-04-24 $422.50 Put

Vol: 3,650

OI: 343

Vol/OI: 10.6x

IV: 75.1%

Notional: ~$13.1M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

TSLA 2026-04-24 $392.50 Call

Vol: 32,686

OI: 3,130

Vol/OI: 10.4x

IV: 74.5%

Notional: ~$26.7M

Intent: Upside call accumulation

Dual read: Directional bet or spread leg for larger structure

Read-through: Reinforces short-dated upside demand

TSLA 2026-04-24 $515.00 Call

Vol: 9,061

OI: 916

Vol/OI: 9.9x

IV: 117.2%

Notional: ~$45K

Intent: Low-cost far OTM upside lottery

Dual read: Pure lottery ticket vs volatility arbitrage

Read-through: Tail upside interest, limited delta impact

Institutional Positioning

Call additions: Concentrated short‑dated call flow centered ~390–392.5 with additional speculative interest at higher strikes (~515).

Put additions: Notable near‑term put prints at 332.5 and 315, suggesting downside protection or speculative hedges below spot.

GEX/DEX consistency: GEX ~+$87M and DEX ~+123M are consistent with a modest bullish/pinning tilt around the 390–392.5 area, though confidence is moderate.

OI clusters: Largest OI clusters at 390–392.5 calls (multi‑k OI) and puts clustered at 332.5 and 315 beneath spot.

Hedging evidence: Elevated put OI and higher IV on puts point to protective hedging/collar activity; short‑call flow implies some short‑call delta hedging by sellers.

Max pain context: Max‑pain concentrations sit near 390–392.5; price may gravitate there into expiry but this is a probabilistic outcome, not a certainty.

Signal vs Noise

~Real: multi‑contract call blocks at 390–392.5 driving positive GEX and short‑gamma pinning potential.

~Real: concentrated put OI at 332.5/315 indicates downside torque if price breaches those levels.

~Noise: scattered small prints and far‑OTM single contracts likely non‑directional.

Key Conclusions

📌Flow and GEX/DEX imply elevated probability of pinning pressure around 390–392.5 into expiry; confidence moderate.

⚠️Protective put clusters at 332.5 and 315 highlight downside risk if price breaks those levels; treat as scenario risk, not certainty.

How to Use These Reports

This flow reflects the market close on April 22, 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.