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TSLA

Tesla, Inc.Close $404.66EOD only

Max Pain

$410.00

Next expiry Jun 17, 2026

Expected Move

±$8.65

2.1% from close

Price Gap

+5.34

Distance to max pain

IV Rank

High premium

P/C OI

0.72

Slightly call-heavy

Consensus

5.5/10

Bearish tilt

Published snapshot: Jun 16, 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 16, 2026 close

TSLA Flow Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +0.5 VIX 18

Watch next session: 395; 400; 405

Flow Summary

Net premium: -$735.0M bearish

P/C volume ratio: 0.95

P/C OI ratio: 0.70

Heavy put buying at 400/397.5 and massive call buys at 402.5/405 (near worthless) suggest hedged bearish positioning. Negative gamma and net premium confirm downside bias with high vol regime.

Notable Prints

TSLA 2026-06-17 $402.50 Call

Vol: 154,677

OI: 1,570

Vol/OI: 98.5x

IV: 12.9%

Notional: ~$155K

Intent: Speculative long call

Dual read: Possible closing of shorts

Read-through: Deep OTM calls with high volume indicate lottery-like bets

TSLA 2026-06-17 $405.00 Call

Vol: 214,435

OI: 2,693

Vol/OI: 79.6x

IV: 17.2%

Notional: ~$214K

Intent: Similar speculative buying

Dual read: Part of a call spread

Read-through: Reinforces upside bets near expiration

TSLA 2026-06-17 $397.50 Put

Vol: 162,811

OI: 2,242

Vol/OI: 72.6x

IV: 6.8%

Notional: ~$17.9M

Intent: Hedging or bearish put buying

Dual read: May be paired with call selling

Read-through: Put buying at this strike suggests downside concern

TSLA 2026-06-17 $400.00 Call

Vol: 138,863

OI: 2,148

Vol/OI: 64.7x

IV: 8.2%

Notional: ~$139K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

TSLA 2026-06-26 $620.00 Call

Vol: 15,836

OI: 263

Vol/OI: 60.2x

IV: 94.9%

Notional: ~$95K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: 400-405 strikes saw heavy call volume but low OI, speculative

Put additions: 400 and 397.5 puts surged with rising OI, hedging

GEX/DEX consistency: GEX -129K vs DEX +134M shares: short gamma/long delta, dealers strained

OI clusters: Max put OI at 400 (5.3k) and 395 (4.6k); call OI at 400 (2.1k)

Hedging evidence: Heavy put additions 395-400 suggest institutional hedging

Max pain context: Spot below MP; MP likely $395-400, pinning pressure

Signal vs Noise

~High vol/OI on OTM calls (402.5C,405C) is noise, speculative

~Put activity at 400 and 397.5 is signal, real hedging

~Far-dated OTM calls (575C,620C) are noise, lottery-like

~GEX/DEX inconsistency is signal, dealers positioned for volatility

Key Conclusions

📉Net premium -$735M and put volume surge indicate bearish hedging

⚠️Negative GEX with positive DEX creates risk of sharp moves

📊Max pain near $395-400; spot below suggests downside bias

How to Use These Reports

This flow reflects the market close on June 17, 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.