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TSLA

Tesla, Inc.Close $417.85EOD only

Max Pain

$410.00

Next expiry May 22, 2026

Expected Move

±$8.23

2.0% from close

Price Gap

-7.85

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.74

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: May 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

May 21, 2026 close

TSLA Flow Report

Analysis based on market close May 21, 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 1.9% from MP; +1 VIX 17; override: Heavy call buying dominates but notable put volume suggests hedging

Watch next session: $420; $422.5; $415

Flow Summary

Net premium: +$248.8M bullish

P/C volume ratio: 0.49

P/C OI ratio: 0.74

Aggressive call buying at $420 and $422.5, net premium +$249M. GEX positive $165.9M. Notable put volume at $415 and $417.5 likely hedging. Bullish flow persists unless spot fails $415.

Notable Prints

TSLA 2026-05-26 $445.00 Put

Vol: 12,074

OI: 263

Vol/OI: 45.9x

IV: 36.1%

Notional: ~$32.0M

Intent: Bearish hedge

Read-through: Weakness expected

TSLA 2026-05-22 $417.50 Put

Vol: 41,672

OI: 1,364

Vol/OI: 30.6x

IV: 33.4%

Notional: ~$16.4M

Intent: Bearish speculation

Read-through: Downside risk

TSLA 2026-05-22 $422.50 Call

Vol: 70,855

OI: 2,539

Vol/OI: 27.9x

IV: 34.4%

Notional: ~$16.4M

Intent: Bullish bet

Read-through: Upside bias

TSLA 2026-05-22 $415.00 Put

Vol: 58,826

OI: 2,755

Vol/OI: 21.4x

IV: 33.2%

Notional: ~$16.4M

Intent: Protective put

Read-through: Hedging

TSLA 2026-05-27 $422.50 Call

Vol: 2,251

OI: 124

Vol/OI: 18.1x

IV: 34.7%

Notional: ~$1.4M

Intent: Bullish position

Read-through: Further upside

Institutional Positioning

Call additions: 420-422.5 calls (May 22) heavy; 417.5 calls (May 26)

Put additions: 415-422.5 puts (May 22); 445,430 puts (May 26)

GEX/DEX consistency: GEX +$165.9M, DEX +128.3M shares aligned with bullish flow.

OI clusters: 420 call OI 10k; 415 put OI 2.8k; 422.5 put OI 1.3k

Hedging evidence: Collar: simultaneous call/put at 422.5.

Max pain context: Spot above MP; gamma pinning toward 420-422.5.

Signal vs Noise

~High vol/oi on 420 call and 415 put are genuine institutional flow.

~Routine put volume at 445 likely hedging, not directional.

~Low vol/oi trades on wings are noise.

Key Conclusions

📈Large call accumulation at 420-422.5 suggests bullish positioning.

🛡️Put activity at 415-417.5 is likely hedging for collar protection.

How to Use These Reports

This flow reflects the market close on May 21, 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.