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TSLA

Tesla, Inc.Close $375.53EOD only
Max Pain
$395.00
Next expiry Jun 26, 2026
Expected Move
±$11.38
3.0% from close
Price Gap
+19.47
Distance to max pain
IV Rank
11
Low premium
P/C OI
0.71
Slightly call-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: Jun 24, 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 24, 2026 close
TSLA Theta Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: Put credit spreads
Invalidation: Break below 349 or above 390
Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 3.8% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
Avg IV 64% vs VIX 19% - significantly elevated
Favorable?
No

Term structure: Front-week ATM IV 36%, but extreme put IV 158% (1DTE) indicates fear; longer-dated IV ~45-48% with flatter skew

⚠️Massive put skew in 1DTE suggests downside tail risk
📊Put/call OI ratio 0.72 favors calls, but dealer net short premium

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-10.1M)

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 20,498 (20.0% below spot)

OI concentrations: Max pain pins at $390 (06-26, 06-29, 07-01); call OI wall $400-$500; put floor $200-$300

Verdict: Spot below $390 pin; gamma flip near $300 - moderate pin risk near $390

Premium Opportunities

#1
Call calendar
Sell 2026-07-17 $400.00 call / buy 2026-07-24 $400.00 call
Sell front call, buy back call to profit from IV normalization.
Debit: $3.08-$3.77
Max loss: $3.77
BE: Path-dependent
Mgmt: Close before earnings or adjust if stock breaches 349.
#2
Put diagonal
Sell 2026-07-17 $350.00 put / buy 2026-07-24 $355.00 put
Sell front put, buy back put to collect theta and vega.
Debit: $3.89-$4.76
Max loss: $4.76
BE: Path-dependent
Mgmt: Manage gamma risk near expiry; exit if stock drops below 349.
#3
Iron condor
Sell 2026-07-24 $340.00/$315.00 put wing and $425.00/$455.00 call wing
Short wings around expected range, profit from time decay.
Credit: $5.87-$7.17
Max loss: $22.83
BE: 332.83 / 432.17
Mgmt: Watch for volatility spikes; adjust wings if needed.

Risk Alerts

!High front-week skew and dealer negative gamma (-$10.1M) may amplify intraday moves
!VIX at 19 with elevated IV suggests volatility expansion risk
How to Use These Reports
This theta reflects the market close on June 25, 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.