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TSLA

Tesla, Inc.Close $411.15EOD only
Max Pain
$400.00
Next expiry Jun 17, 2026
Expected Move
±$12.22
3.0% from close
Price Gap
-11.15
Distance to max pain
IV Rank
79
High premium
P/C OI
0.72
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 15, 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 15, 2026 close
TSLA Theta Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: Covered Call
Invalidation: Spot breaks below $380 support or above $420 resistance
Confidence:
6.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.3% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
TSLA IV (63%) significantly above VIX (16.4), elevated implied vol.
Favorable?
Yes

Term structure: Front-end spike on 2-day expiry from OPEX/pinning; longer tenors 40-50%.

📌Max pain pins at $410, $375, $402 suggest pinning potential near these levels.
📈Dealer positive gamma ($+103.4M) may dampen vol, aiding pinning.
⚖️Put/call OI ratio 0.72 indicates call bias; high IV skew in short term.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+103.4M)

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 23,633 (25.9% below spot)

OI concentrations: Put OI 23,633 contracts 25.9% below spot; call wall $430-$600; put floor $240-$300.

Verdict: Multiple max pain pins and positive dealer gamma increase pinning likelihood. Spot below MP suggests drift toward $402-$410.

Premium Opportunities

#1
Covered call
Buy shares + sell 2026-06-18 $410.00 call
Sell call against shares to collect elevated premium with limited upside.
Credit: $3.51-$4.29
Max loss: Stock downside to $0 less call premium
BE: $400.37
Mgmt: Roll if spot approaches $420.
#2
Short strangle
Sell 2026-06-18 $380.00 put + sell $410.00 call
Sell OTM put and call to profit from range-bound price action.
Credit: $3.99-$4.87
Max loss: Unlimited
BE: 375.13 / 414.87
Mgmt: Close before earnings to avoid gap risk.
#3
Put credit spread
Sell 2026-06-18 $380.00/$377.50 put spread
Sell put spread to profit from bullish/neutral price floor.
Credit: $0.10-$0.13
Max loss: $2.37
BE: $379.87
Mgmt: Exit if spot breaks $380.

Risk Alerts

!Extreme IV skew on near-term expirations (1-2 days).
!Potential gap risk if spot deviates from max pain zones.
How to Use These Reports
This theta reflects the market close on June 16, 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.