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TSLA

Tesla, Inc.Close $418.45EOD only

Max Pain

$420.00

Next expiry Jun 5, 2026

Expected Move

±$8.18

1.9% from close

Price Gap

+1.55

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.73

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: Jun 4, 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

Jun 4, 2026 close

TSLA Flow Report

Analysis based on market close June 5, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 6.9% from MP; +0.5 VIX 22

Watch next session: Sustained selling below $390; VIX spike above 25

Flow Summary

Net premium: -$1.4B bearish

P/C volume ratio: 0.78

P/C OI ratio: 0.71

Heavy negative premium and massive call selling near expiration weigh on TSLA. Spot below max pain with high vol, suggesting bearish bias. Unusual calls expiring worthless reflect aggressive distribution.

Notable Prints

TSLA 2026-06-05 $397.50 Call

Vol: 86,041

OI: 271

Vol/OI: 317.5x

IV: 15.0%

Notional: ~$86K

Intent: Opening short calls near expiration

Read-through: Bearish bet that TSLA stays below 397.5

TSLA 2026-06-05 $392.50 Call

Vol: 62,379

OI: 228

Vol/OI: 273.6x

IV: 7.0%

Notional: ~$624K

Intent: Opening short calls

Read-through: Bearish view, expects stock below 392.5

TSLA 2026-06-05 $405.00 Call

Vol: 112,033

OI: 649

Vol/OI: 172.6x

IV: 26.6%

Notional: ~$112K

Intent: Opening short calls

Read-through: Bearish, stock well below strike

TSLA 2026-06-12 $150.00 Put

Vol: 29,569

OI: 194

Vol/OI: 152.4x

IV: 196.9%

Notional: ~$30K

Intent: Opening long puts, deep OTM

Dual read: Hedge or speculative crash bet

Read-through: Extreme downside tail risk

TSLA 2026-06-08 $410.00 Call

Vol: 25,609

OI: 200

Vol/OI: 128.0x

IV: 37.4%

Notional: ~$2.1M

Intent: Opening long calls

Read-through: Bullish on short-term rally

Institutional Positioning

Call additions: Heavy OTM call buying for 6/5 expiry (397.5, 392.5, 405 strikes) with high vol/oi ratios but low premiums.

Put additions: Unusual far OTM put at 150 strike (6/12) with high IV, likely tail hedge.

GEX/DEX consistency: GEX -$21.8M (dealer short gamma) vs DEX +127.2M shares (long delta) indicates mixed dealer positioning.

OI clusters: Largest OI: 395C (1,072) and 407.5C (619) for 6/5; 410C (200) for 6/8.

Hedging evidence: Far OTM put (150 strike) suggests downside hedging; negative net premium (-$1.41B) indicates net premium selling.

Max pain context: Spot below max pain (likely ~400-410); high vol and trending gamma may pin near MP.

Signal vs Noise

~Heavy OTM call volume with low premiums is noise if short-lived; tail hedge put is real signal.

Key Conclusions

⚠️Speculative OTM call buying near expiry suggests low-conviction upside bets; tail hedge put signals risk management.

How to Use These Reports

This flow reflects the market close on June 5, 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.