Tesla Motors closed at 339.30 USD, down 0.87%.
Large options trades in TSLA pointed to a modestly bullish lean, with total bullish flow of $0.14 million against $0.08 million in bearish flow. The largest displayed trade was an out-of-the-money put sale at the 260.0 strike expiring in October 2026, suggesting a willingness to collect premium while accepting limited downside risk. A smaller put purchase at the 290.0 strike expiring in August 2026 reflected a lower-cost bearish hedge or directional bet, keeping the overall tone cautious but not aggressively negative.
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Options Indicators
TSLA’s implied volatility is 41.97%, and with an IV percentile of just 1.59%, current option volatility sits near the very low end of its recent range, indicating options are cheaply priced rather than expensive. The IV/HV ratio of 0.64 further suggests implied volatility is running below realized volatility, reinforcing the view that current premiums are relatively subdued.
The Call/Put volume ratio is 1.29.
Large Trades
A PUT sale worth $0.14 million was the largest displayed large trade, with 1,040 contracts sold at the 260.0 strike expiring on 2026-10-16. With TSLA referenced at 339.3, this put was out of the money at the time of the trade, making it a moderately bullish premium-selling position. The seller is effectively expressing confidence that TSLA will remain above 260.0 into expiration, or at least that downside risk to that level is limited, while collecting option premium as income.
A PUT buy worth $0.03 million was the other displayed large trade, consisting of 3,500 contracts bought at the 290.0 strike expiring on 2026-08-21. Given the 339.3 reference stock price, this put was also out of the money, so the trade reflects a bearish directional stance or downside hedge rather than an in-the-money protection roll. The buyer is paying premium for downside exposure, likely positioning for a pullback below current levels over the coming year, though the relatively small premium outlay suggests a lower-conviction or lower-cost bearish expression.
Overall sentiment in TSLA large trades was modestly bullish, with total bullish flow at $0.14 million versus bearish flow at $0.08 million, leaving a net difference of $0.06 million in favor of bulls. The directional bias therefore leans bullish, mainly because the largest large trade was an out-of-the-money put sale that signals willingness to collect premium on downside risk, while the bearish side was spread across smaller put purchases. Taken together, the flow suggests traders were more inclined to monetize elevated downside premium than to aggressively press for a major bearish move.
Strategy Reference
For a low assignment probability income trade, a seller could consider an out-of-the-money put at the 250.0 or 240.0 strike expiring within 45 to 60 days, or use a put credit spread such as selling the 250.0 put and buying the 220.0 put to cap margin requirements while still collecting premium.
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