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TSLA

Tesla, Inc.Close $372.22EOD only
Max Pain
$375.00
Next expiry Oct 26, 2026
Expected Move
±$7.85
2.1% from close
Price Gap
+2.78
Distance to max pain
IV Rank
11
Low premium
P/C OI
0.77
Slightly call-heavy
Consensus
5.5/10
Range bias
Published snapshot: Oct 23, 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
Oct 23, 2026 close
TSLA Theta Report
Analysis based on market close June 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 10, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness2 / 10
Sizing: Conservative
Primary: Short put spreads
Invalidation: Spot breaks below gamma flip support (300)
Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 4.6% from MP

IV Environment

IV Regime
High
IV vs VIX
IV avg 72% vs VIX 22% – premium extreme
Favorable?
No

Term structure: Near-term IV spiking; 2DTE ATM 56%, puts 143%

⚠️IV 72% avg vs VIX 22% – elevated event risk
📉GEX -$79.7M negative gamma

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-79.7M)

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 22,052 (21.4% below spot)

OI concentrations: Put floor $240-$300; Call wall $430-$500; Max pain $400-$410

Verdict: Spot below max pain, downside momentum prevents pinning

Premium Opportunities

#1
Put diagonal
Sell 2026-07-17 $390.00 put / buy 2026-08-21 $395.00 put
Sell 2026-07-17 $390 put, buy 2026-08-21 $395 put to profit from IV decay and downside momentum.
Debit: $11.38-$13.91
Max loss: $13.91
BE: Path-dependent
Mgmt: Enter near lower end of range (~11.38). Invalidation at spot 353.09; exit if breached. Monitor IV term structure.

Risk Alerts

!High IV (72%) against VIX (22%)
!Negative GEX (-$79.7M)
!Spot 4.6% below max pain
!Extreme near-term term structure
How to Use These Reports
This theta reflects the market close on June 10, 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.