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TSLA

Tesla, Inc.Close $375.12EOD only
Max Pain
$390.00
Next expiry Jun 26, 2026
Expected Move
±$7.93
2.1% from close
Price Gap
+14.88
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.72
Slightly call-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 25, 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 25, 2026 close
TSLA Theta Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Short out-of-the-money puts
Invalidation: Break below $354 support or above $405 resistance
Confidence:
6.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.1% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV significantly elevated relative to VIX (64.8% vs 18.4)
Favorable?
Yes

Term structure: Front-end skew extreme (put IV 215% at 0DTE); long-term IV stable ~45-48%

📌Max pain pinned at $380 across near expiries; spot at $380 (0.1% away) supports pinning
📈Put skew extreme at front end (put IV 215% vs call 121%); elevated premium for put sellers

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+134.2M)

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 20,525 (21.0% below spot)

OI concentrations: Call OI wall $400-$500; put floor $200-$300; max pain $380 multiple expiries

Verdict: Pinning risk elevated at $380; resistance at $380 and $400 may cap upside

Premium Opportunities

#1
Iron condor
Sell 2026-07-24 $370.00/$360.00 put wing and $390.00/$400.00 call wing
Sell put wing 370/360 and call wing 390/400, expire Jul 24, max gain 8.22.
Credit: $6.73-$8.22
Max loss: $1.78
BE: 361.78 / 398.22
Mgmt: Close at 50% max profit or before expiry.
#2
Put credit spread
Sell 2026-07-24 $370.00/$360.00 put spread
Sell 370/360 put spread, credit up to 4.21, max loss 5.79.
Credit: $3.44-$4.21
Max loss: $5.79
BE: $365.79
Mgmt: Exit if spot breaks $354.
#3
Call credit spread
Sell 2026-07-24 $390.00/$400.00 call spread
Sell 390/400 call spread, credit up to 4.01, max loss 5.99.
Credit: $3.28-$4.01
Max loss: $5.99
BE: $394.01
Mgmt: Monitor pin risk; close if spot nears $390.

Risk Alerts

!Gap risk due to low 0DTE liquidity
!Volatility expansion if spot breaks guardrails ($371/$388)
!Gamma flip risk if spot drops below $300
How to Use These Reports
This theta reflects the market close on June 26, 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.