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TSLA

Tesla, Inc.Close $379.71EOD only
Max Pain
$380.00
Next expiry Jun 29, 2026
Expected Move
±$8.70
2.3% from close
Price Gap
+0.29
Distance to max pain
IV Rank
20
Low premium
P/C OI
0.71
Slightly call-heavy
Consensus
5.5/10
Range bias
Published snapshot: Jun 26, 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 26, 2026 close
TSLA Theta Report
Analysis based on market close June 29, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness5 / 10
Sizing: Conservative
Primary: Short put credit spreads at max pain level $380
Invalidation: Spot breaks below $375 or above $425
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.4% from MP; +1 VIX 18

IV Environment

IV Regime
High
IV vs VIX
Avg IV 63% vs VIX 17.65, very rich premiums
Favorable?
Yes

Term structure: Near-term IV elevated; put skew extreme at 0DTE; back month IVs above 46%

📈IV elevated relative to VIX; premium selling opportunity but watch pinning.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+183.5M)

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 20,591 (27.2% below spot)

OI concentrations: Max pain pin at $380 for Jun29, Jul1, Jul2; put OI heavy near that strike

Verdict: High pin risk; spot at $415, 8.4% above max pain; possible drift lower towards $380 but bullish flow could keep it elevated.

Premium Opportunities

#1
Put credit spread
Sell 2026-07-31 $390.00/$370.00 put spread
Sells put spread to capture theta decay with defined risk.
Credit: $5.04-$6.16
Max loss: $13.84
BE: $383.84
Mgmt: Exit if spot breaks $380 or IV collapses.
#2
Call credit spread
Sell 2026-07-31 $425.00/$435.00 call spread
Sells call spread to profit from capped upside.
Credit: $3.26-$3.99
Max loss: $6.01
BE: $428.99
Mgmt: Close if spot exceeds $420 or IV drops.

Risk Alerts

!Pin risk elevated due to max pain at $380 and spot above it.
!High near-term IV skew may distort pricing.
How to Use These Reports
This theta reflects the market close on June 29, 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.