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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 22, 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 3.3% from MP; +1 VIX 17

Watch next session: Monitor call unwinding if spot drops below $430

Flow Summary

Net premium: +$446.7M bullish

P/C volume ratio: 0.51

P/C OI ratio: 0.73

TSLA exhibits strong bullish flow with heavy call buying and positive net premium. Unusual put buying likely hedging. Regime supports upside bias. Watch for resistance near high open strikes.

Notable Prints

TSLA 2026-05-22 $427.50 Put

Vol: 144,165

OI: 1,987

Vol/OI: 72.5x

IV: 13.2%

Notional: ~$20.0M

Intent: Pin at 427.5

Read-through: Strong pinning

TSLA 2026-05-26 $427.50 Put

Vol: 14,406

OI: 234

Vol/OI: 61.6x

IV: 25.7%

Notional: ~$8.2M

Intent: Bearish roll

Dual read: Hedge

Read-through: Next week bearish

TSLA 2026-05-26 $450.00 Put

Vol: 25,345

OI: 466

Vol/OI: 54.4x

IV: 35.1%

Notional: ~$65.0M

Intent: Bearish bet

Dual read: Downside hedge

Read-through: Expect drop below 450

TSLA 2026-05-26 $455.00 Put

Vol: 5,850

OI: 111

Vol/OI: 52.7x

IV: 40.8%

Notional: ~$17.1M

Intent: Bearish

Dual read: Put spread

Read-through: Higher strike bearish

TSLA 2026-05-26 $395.00 Call

Vol: 13,408

OI: 290

Vol/OI: 46.2x

IV: 40.1%

Notional: ~$39.0M

Intent: Neutral (covered call)

Dual read: Covered call?

Read-through: Upward bias

Institutional Positioning

Call additions: Heavy call buying at 427.5 and 432.5 strikes for 5/22 expiry, plus 395 call for 5/26.

Put additions: Aggressive put additions at 427.5, 425, 450, and 455 strikes, mostly for 5/22 and 5/26 expiries.

GEX/DEX consistency: GEX +$322.8M and DEX +133.4M shares align with bullish flow regime.

OI clusters: Largest OI: 427.5C (6,039), 432.5C (5,499), 425P (3,673), 427.5P (1,987).

Hedging evidence: Massive put volume suggests hedging long exposure, possibly collars.

Max pain context: Spot above max pain; pinning likely at higher strikes.

Signal vs Noise

~Net premium +$447M is strong bullish signal.

~Put/call volume ratio 0.51 confirms call dominance.

~Unusual prints with vol/oi >30 are real institutional flow.

~VIX at 17 indicates elevated fear, but flow bullish.

Key Conclusions

📈Bullish flow confirmed by net premium and volume ratios.

⚠️Heavy put hedging suggests cautious positioning beneath the surface.

How to Use These Reports

This flow reflects the market close on May 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.