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TSLA

Tesla, Inc.Close $426.01EOD only
Max Pain
$415.00
Next expiry May 26, 2026
Expected Move
±$9.85
2.3% from close
Price Gap
-11.01
Distance to max pain
IV Rank
66
High premium
P/C OI
0.74
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: May 22, 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 22, 2026 close
TSLA Theta Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Premium Selling
Invalidation: Spot closes below $420 or above $450
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.2% from MP; +1 VIX 17; override: High IV, bullish flow, pinning support

IV Environment

IV Regime
High
IV vs VIX
IV significantly above VIX
Favorable?
Yes

Term structure: Front-end IV elevated, skew inverted with high call IV on 1dte and high put IV on 3dte due to pinning and event risk

📈Dealer net long gamma $257M supports pinning to $420
⚠️1dte call IV 139% vs put 71% - extreme call skew

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+257.1M)

OI concentrations: Max pain pins at $420 (today), $425 (tomorrow), $415 (May 29). Call OI wall $500-$600, put floor $250-$300

Verdict: Pinning likely near $420 due to max pain and positive dealer gamma. Put floor at $250-$300, call resistance at $450

Premium Opportunities

#1
Short strangle
Sell 2026-05-29 $420.00 put + sell $450.00 call
Sells call and put around pin level to collect premium; benefits from IV contraction.
Credit: $4.40-$5.38
Max loss: Unlimited
BE: 414.62 / 455.38
Mgmt: Monitor pin risk; close if spot approaches strikes or before earnings.
#2
Cash-secured put
Sell 2026-05-29 $420.00 cash-secured put
Sells put at pin level to collect premium with cash collateral.
Credit: $2.25-$2.74
Max loss: $417.26
BE: $417.26
Mgmt: Roll if spot breaches $420 or before earnings.

Risk Alerts

!Pin risk: spot near max pain $420; expiration today may cause sharp moves
!Skew risk: extreme call IV on 1dte suggests potential unexpected move
How to Use These Reports
This theta reflects the market close on May 26, 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.