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TSLA

Tesla, Inc.Close $400.49EOD only
Max Pain
$400.00
Next expiry Jun 22, 2026
Expected Move
±$9.32
2.3% from close
Price Gap
-0.49
Distance to max pain
IV Rank
100
High premium
P/C OI
0.69
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
TSLA Theta Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short premium near max pain pins
Invalidation: Spot breaks above $430 or below $370 on high volume
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.5% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
Avg IV 70.5% vs VIX 16.4, extremely elevated
Favorable?
Yes

Term structure: Front-end IV skew extreme (0DTE > 300%), normalizes after 4DTE, then gradual rise

📈IV in 70th percentile, rich vs VIX; premium selling attractive
⚡Dealer GEX positive +$885K, pinning support near $372-$400
⚠️Front-end IV spike: options decaying rapidly, but high gap risk in 0DTE

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+885K)

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 23,261 (25.1% below spot)

OI concentrations: Put floor heavy $240-$300; Call wall $430-$600; Max pain pins at $372 (6/18), $400 (6/22), $402 (6/24)

Verdict: Spot above max pain ($395 vs $372), risk of reversion to $372-$402 zone

Premium Opportunities

#1
Iron condor
Sell 2026-07-24 $380.00/$375.00 put wing and $420.00/$425.00 call wing
Sells put spread and call spread around max pain to capture theta and IV contraction.
Credit: $2.99-$3.66
Max loss: $1.34
BE: 376.34 / 423.66
Mgmt: Exit if spot breaks $430 or $370, or near expiry if near max profit.
#2
Put credit spread
Sell 2026-07-24 $380.00/$375.00 put spread
Sells put spread below support, profits from theta and spot staying above $380.
Credit: $1.51-$1.84
Max loss: $3.16
BE: $378.16
Mgmt: Stop loss at $374.26; adjust if spot trades below $380.

Risk Alerts

!Spot 7.5% above nearest max pain; potential sharp move down
!0DTE IV >300% implies extreme tail risk
!Regime is pinning but bullish flow may hold spot up
How to Use These Reports
This theta reflects the market close on June 18, 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.