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TSLA

Tesla, Inc.Close $417.26EOD only

Max Pain

$410.00

Next expiry May 22, 2026

Expected Move

±$12.60

3.0% from close

Price Gap

-7.26

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.74

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: May 20, 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 20, 2026 close

TSLA Flow Report

Analysis based on market close May 20, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.0% from MP; +1 VIX 17

Watch next session: $415; $420

Flow Summary

Net premium: +$993.1M bullish

P/C volume ratio: 0.49

P/C OI ratio: 0.74

Call-heavy flow with positive GEX and low put/call ratio. Unusual call volume at $415 and $412.5 supports bullish pinning. Spot above max pain suggests continuation.

Notable Prints

TSLA 2026-05-20 $412.50 Put

Vol: 83,137

OI: 913

Vol/OI: 91.1x

IV: 11.7%

Notional: ~$166K

Intent: Put sale premium capture

Read-through: Large open put at pinning strike

TSLA 2026-05-20 $410.00 Put

Vol: 139,444

OI: 2,553

Vol/OI: 54.6x

IV: 14.5%

Notional: ~$139K

Intent: Hedge protection

Read-through: Deep OTM put volume spike

TSLA 2026-05-20 $412.50 Call

Vol: 172,079

OI: 3,352

Vol/OI: 51.3x

IV: 14.5%

Notional: ~$77.4M

Intent: Bullish call buying

Read-through: ATM call accumulation

TSLA 2026-05-20 $407.50 Put

Vol: 76,467

OI: 1,823

Vol/OI: 42.0x

IV: 20.3%

Notional: ~$153K

Intent: Speculative put

Read-through: High vol/oi OTM put

TSLA 2026-05-20 $417.50 Call

Vol: 151,157

OI: 3,727

Vol/OI: 40.6x

IV: 5.1%

Notional: ~$4.8M

Intent: Call unwinding or sell

Read-through: Low IV suggests supply

Institutional Positioning

Call additions: Heavy call buying at $415 (309k vol, 8.6k OI), $420 (172k vol, 7.5k OI), $412.5 (172k vol, 3.4k OI)

Put additions: Massive put accumulation at $412.5 (83k vol vs 913 OI), $410 (139k vol vs 2.5k OI)

GEX/DEX consistency: GEX +$280.6M, DEX +134M shares; bullish flow consistent with positive gamma

OI clusters: Largest OI: $415 call (8,595), $420 call (7,519), $412.5 put (913 but adding rapidly)

Hedging evidence: Deep OTM put buying suggests hedging; call buying at $415/$420 may be part of collars

Max pain context: Spot above MP; gamma pinning near $415-$420

Signal vs Noise

~Massive put volume at $412.5/$410 with low OI is signal of new hedging positioning

~Heavy call accumulation at $415/$420 is signal of institutional bullish conviction

~May22 $412.5 put and call high vol but lower ratio; likely noise/speculative

Key Conclusions

📈Call buying at $415/$420 signals upside conviction; expect pinning near $415-$420

⚠️Put accumulation at $412.5/$410 warns of downside hedging; potential drag near expiry

How to Use These Reports

This flow reflects the market close on May 20, 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.