thetaOwl
HomeOptionsTSLAReports

TSLA

Tesla, Inc.Close $321.55EOD only
Max Pain
$315.00
Next expiry Aug 7, 2026
Expected Move
±$9.15
2.9% from close
Price Gap
-6.55
Distance to max pain
IV Rank
14
Low premium
P/C OI
0.72
Slightly call-heavy
Consensus
5.5/10
Range bias
Published snapshot: Aug 5, 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
Aug 5, 2026 close
TSLA Theta Report
Analysis based on market close June 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 22, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Short Strangles
Invalidation: Spot breaks above $420 or below $374
Confidence:
6.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.9% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV 61.8% vs VIX 17.3 — elevated
Favorable?
Yes

Term structure: Front-end low IV (0D 4.4%); rest of curve ~42-49% with contango

📌Max pain $398; GEX +$170.7M supports pinning
⚠️Call OI wall $430-$600 caps upside; put floor $230-$330 supports downside

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+170.7M)

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 20,319 (25.9% below spot)

OI concentrations: Put OI heavy at $230-$330; call OI concentrated $430-$600; max pain $398

Verdict: High pin risk near $398; monitor expiration

Premium Opportunities

#1
Short strangle
Sell 2026-07-17 $385.00 put + sell $430.00 call
Sell 385 put and 430 call; captures high IV premium with OTM strikes.
Credit: $16.81-$20.54
Max loss: Unlimited
BE: 364.46 / 450.54
Mgmt: Monitor pin risk; close if spot breaches $374 or $420.

Risk Alerts

!Spot 1.9% above max pain $398; pin risk elevated
!Call wall $430-$600 caps gains; put floor supports losses
How to Use These Reports
This theta reflects the market close on June 22, 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.