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TSLA

Tesla, Inc.Close $396.68EOD only

Max Pain

$407.50

Next expiry Jun 10, 2026

Expected Move

±$9.38

2.4% from close

Price Gap

+10.82

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.73

Slightly call-heavy

Consensus

5.5/10

Range bias

Published snapshot: Jun 9, 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 9, 2026 close

TSLA Flow Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 VIX 20

Watch next session: Intraday volume on 395C and 405P; Spot vs max pain change; VIX direction

Flow Summary

Net premium: -$447.7M bearish

P/C volume ratio: 0.88

P/C OI ratio: 0.73

TSLA flow mixed: net put premium dominates but high call volume and positive gamma suggest pinning near 395-405. Unusual prints concentrated at 395C and 405P. Market down, require confirmation.

Notable Prints

TSLA 2026-06-10 $395.00 Call

Vol: 58,258

OI: 552

Vol/OI: 105.5x

IV: 40.3%

Notional: ~$32.0M

Intent: Bullish speculation, likely opening new longs.

Dual read: Could be part of a call spread or hedging short delta.

Read-through: Strong bullish bias for 6/10 expiry.

TSLA 2026-06-10 $405.00 Put

Vol: 77,532

OI: 1,284

Vol/OI: 60.4x

IV: 42.5%

Notional: ~$78.3M

Intent: Bearish bet or protective put.

Dual read: Volume > OI suggests opening; may reflect hedging.

Read-through: Bearish sentiment, but possibly hedging.

TSLA 2026-06-10 $390.00 Call

Vol: 31,780

OI: 600

Vol/OI: 53.0x

IV: 41.2%

Notional: ~$28.1M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

TSLA 2026-06-10 $392.50 Call

Vol: 19,467

OI: 427

Vol/OI: 45.6x

IV: 40.9%

Notional: ~$14.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

TSLA 2026-06-10 $397.50 Call

Vol: 32,588

OI: 799

Vol/OI: 40.8x

IV: 40.1%

Notional: ~$14.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Aggressive 0DTE call buying at $395 (105x OI), $390, $392.5, $397.5, $402.5, $400 (35x).

Put additions: 0DTE put buying at $405 (60x OI), $395, $392.5, $412.5 (33x); likely hedging.

GEX/DEX consistency: GEX +$27.1M (pinning) and DEX +122M shares (long) consistent; flow mixed but leans bullish.

OI clusters: Largest OI: $395 put (1,871), $400 call (1,882), $392.5 put (1,466).

Hedging evidence: Puts at $405 and $412.5 suggest collar hedges on long stock.

Max pain context: Spot below max pain? Not given; GEX pinning suggests upward drift toward $395-$400.

Signal vs Noise

~Signal: High vol/oi ratios on 0DTE strikes indicate institutional positioning for expiration pin.

~Noise: Intraday 0DTE activity is often noise; but massive volume at $395 call is real.

~Net premium -$447M despite more calls by volume: put premium dominates due to high IV on OTM puts.

Key Conclusions

📈0DTE call buying at $395 (105x OI) is notable but inherently noisy; see signal_vs_noise.

🛡️Put buying at $405 and $412.5 suggests hedging of long positions.

⚠️Net negative premium despite call volume skew indicates put premium from high IV.

How to Use These Reports

This flow reflects the market close on June 9, 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.