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TSLA

Tesla, Inc.Close $406.43EOD only
Max Pain
$400.00
Next expiry Jun 15, 2026
Expected Move
±$13.32
3.3% from close
Price Gap
-6.43
Distance to max pain
IV Rank
93
High premium
P/C OI
0.69
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
TSLA Theta Report
Analysis based on market close June 12, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Short Put Spreads
Invalidation: Spot below $375.5 (2d support)
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.6% from MP; +1 VIX 18

IV Environment

IV Regime
High
IV vs VIX
Avg IV 73.6% vs VIX 17.7, rich premiums
Favorable?
Yes

Term structure: Term structure flat at ~50% for 3d+ expirations; 0 DTE anomaly

📈IV well above VIX, favorable for premium selling

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+207.9M)

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 22,020 (26.2% below spot)

OI concentrations: Max pain $400 pin across multiple expirations; put floor $240-$300; call wall $430-$600

Verdict: Strong pin risk at $400, high gamma and OI concentration

Premium Opportunities

#1
Put credit spread
Sell 2026-06-18 $400.00/$397.50 put spread
Sell 2026-06-18 $400/$397.5 put spread.
Credit: $0.90-$1.10
Max loss: $1.40
BE: $398.90
Mgmt: Close at 50% profit or if spot drops below $375.5.
#2
Iron condor
Sell 2026-06-18 $400.00/$397.50 put wing and $430.00/$432.50 call wing
Sell put spread $400/$397.5 and call spread $430/$432.5.
Credit: $1.31-$1.60
Max loss: $0.90
BE: 398.40 / 431.60
Mgmt: Monitor delta; adjust if spot nears wings.

Risk Alerts

!High IV skew indicates tail risk
!Gamma flip at $300 if spot drops sharply
How to Use These Reports
This theta reflects the market close on June 12, 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.