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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 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Short Puts
Invalidation: TSLA breaks below $400 support
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
Avg IV 64.5% vs VIX 16.2, extremely elevated
Favorable?
Yes

Term structure: Steep near-term contango; 0 DTE at 4.96% ATM likely expiration noise; weekly exp (6/18) IV >200% on puts

📈IV 64.5% vs VIX 16.2: juicy premium, but early expiry risks

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+189.4M)

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 22,866 (27.0% below spot)

OI concentrations: Put floor $240-300; call wall $450-600; max pain $400

Verdict: Moderate pin risk due to OI concentration near current price $414

Premium Opportunities

#1
Put credit spread
Sell 2026-07-24 $400.00/$395.00 put spread
Sell $400/$395 put spread to collect premium with support protection.
Credit: $1.98-$2.42
Max loss: $2.58
BE: $397.58
Mgmt: Close at 50% max profit or if TSLA breaks $400.
#2
Cash-secured put
Sell 2026-07-24 $400.00 cash-secured put
Sell $400 cash-secured put to collect elevated IV premium.
Credit: $17.19-$21.01
Max loss: $378.99
BE: $378.99
Mgmt: Manage delta; consider rolling if tested.
#3
Iron condor
Sell 2026-07-24 $400.00/$395.00 put wing and $420.00/$425.00 call wing
Sell $400/$395 put and $420/$425 call wings for defined credit.
Credit: $3.67-$4.48
Max loss: $0.52
BE: 395.52 / 424.48
Mgmt: Close at 25% max profit or adjust if pin nears.

Risk Alerts

!0 DTE expiration today (6/15) - gamma risk
!Gamma flip at $300; wide support/resistance
!High IV skew in weekly puts (6/18 put IV 200%)
How to Use These Reports
This theta reflects the market close on June 15, 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.