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TSLA

Tesla, Inc.Close $404.11EOD only

Max Pain

$417.50

Next expiry May 20, 2026

Expected Move

±$8.10

2.0% from close

Price Gap

+13.39

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.76

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: May 19, 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 19, 2026 close

TSLA Flow Report

Analysis based on market close May 19, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.2% from MP; +0.5 VIX 18

Watch next session: Put/Call Volume Ratio; Spot Level Relative to $400 Strike

Flow Summary

Net premium: +$455.4M bullish

P/C volume ratio: 0.62

P/C OI ratio: 0.76

Heavy call buying dominates, especially at 400 and 405 strikes. Net premium strongly positive at $455M. Positive gamma pinning supports spot. Despite slight market weakness, TSLA flow robustly bullish.

Notable Prints

TSLA 2026-05-20 $402.50 Call

Vol: 53,605

OI: 163

Vol/OI: 328.9x

IV: 34.8%

Notional: ~$26.3M

Intent: Aggressive bullish bet

Read-through: Expects price above 402.5 by expiry

TSLA 2026-05-20 $397.50 Call

Vol: 39,903

OI: 215

Vol/OI: 185.6x

IV: 35.4%

Notional: ~$33.2M

Intent: Bullish directional

Read-through: Expects price above 397.5

TSLA 2026-05-20 $405.00 Call

Vol: 115,071

OI: 944

Vol/OI: 121.9x

IV: 34.6%

Notional: ~$42.3M

Intent: Bullish spread or buy

Read-through: Expects price above 405

TSLA 2026-05-20 $395.00 Call

Vol: 29,844

OI: 333

Vol/OI: 89.6x

IV: 36.4%

Notional: ~$30.7M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

TSLA 2026-05-20 $400.00 Call

Vol: 80,955

OI: 1,152

Vol/OI: 70.3x

IV: 34.7%

Notional: ~$51.9M

Intent: Bullish momentum

Read-through: Expects price above 400

Institutional Positioning

Call additions: Heavy call buying at 395-405 strikes, especially 400, 402.5, 397.5, with high vol/OI ratios

Put additions: Notable put buying at 395 and 402.5 strikes, likely hedging

GEX/DEX consistency: Positive GEX ($54M) and DEX (+124.6M shares) consistent with bullish flow

OI clusters: Largest OI: 400 Call (1152), 395 Put (2435); gamma flip near 300

Hedging evidence: Put buying at 395-402.5 suggests collars or downside hedges

Max pain context: Spot below MP; pinning expected toward 395-400 area

Signal vs Noise

~Heavy 0DTE call volume at 395-405 is real bullish signal

~900 Call with 91k vol but $0.01 price is noise (lottery tickets)

~Put volume at 382.5 strike likely noise, not hedging demand

Key Conclusions

📈Aggressive call buying in 0DTE 395-405 strikes signals strong bullish sentiment

🛡️Put buying at 395 and 402.5 suggests institutional hedging amid high volatility

🎯Positive GEX/DEX and pinning regime point to mean reversion toward max pain

How to Use These Reports

This flow reflects the market close on May 19, 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.