thetaOwl
HomeOptionsTSLAReports

TSLA

Tesla, Inc.Close $404.66EOD only
Max Pain
$410.00
Next expiry Jun 17, 2026
Expected Move
±$8.65
2.1% from close
Price Gap
+5.34
Distance to max pain
IV Rank
90
High premium
P/C OI
0.72
Slightly call-heavy
Consensus
5.5/10
Bearish tilt
Published snapshot: Jun 16, 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 16, 2026 close
TSLA Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness4 / 10
Sizing: Conservative
Primary: Short call credit spreads near $405 resistance
Invalidation: Spot breaks above $405 resistance
Confidence:
5 / 10
base 5; +2 GEX/flow strongly aligned; +0.5 VIX 18; override: Negative dealer gamma and high vol regime reduce premium-selling attractiveness

IV Environment

IV Regime
High
IV vs VIX
Avg IV 69.46% vs VIX 18.44, much higher indicating elevated implied vol
Favorable?
No

Term structure: Steep with extreme 0DTE skew (call 71.82%, put 52.97%) hinting pin risk; front-week backwardation suggests near-term uncertainty

⚠️Negative dealer gamma and high IV skew on 0DTE increase risk of large moves; premium selling not advised without defined risk

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-129K)

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 23,093 (24.3% below spot)

OI concentrations: Put OI 23,093 (24.3% below spot) and call walls $400-$500; max pain $405 today

Verdict: Moderate pin risk from high put OI below spot and negative gamma; spot may drift toward $405

Premium Opportunities

#1
Call credit spread
Sell 2026-07-24 $410.00/$420.00 call spread
Sells premium at resistance with defined risk, capitalizing on high IV and pin risk.
Credit: $3.20-$3.91
Max loss: $6.09
BE: $413.91
Mgmt: Close if spot breaks $405 or near expiry if profit >80%.
#2
Put credit spread
Sell 2026-07-24 $385.00/$375.00 put spread
Sells premium with defined risk, benefiting from elevated IV and support.
Credit: $3.55-$4.34
Max loss: $5.66
BE: $380.66
Mgmt: Close if spot breaks $373 or if profit target hit.

Risk Alerts

!Negative dealer gamma (GEX -$129K) amplifies moves
!High IV skew on 0DTE expiration indicates pin risk
!Spot below max pain $405 may encourage pinning action
How to Use These Reports
This theta reflects the market close on June 17, 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.