GEX-Based Options Sentiment
TSLA’s Gamma Exposure (GEX) positioning remains decidedly bearish.
* Highest negative NETGEX / PUT Support anchored near $300, with additional strong put concentrations between $290 – $296.
* Overhead call resistance begins at $315 – $325, aligned with notable call walls and the 49%+ call resistance zone.
* Current IV Rank (IVR 12.6) and relatively high implied volatility (IVx avg 55.7) suggest premiums are elevated, favoring credit-based strategies for sellers, but directional traders can exploit potential breakdown momentum.
Option Trade Considerations:
* Bearish bias remains while below $308.
* Short-term Bearish Play: Consider buying puts or put debit spreads targeting $296 – $292.
* Swing Bias: Keep an eye on $300 — a confirmed daily close below this level could trigger an accelerated downside move toward the mid-$280s.
* Avoid heavy call exposure unless TSLA reclaims $315 with volume.
1H Chart – Swing Trade Technicals
On the 1-hour chart, TSLA remains in a well-defined descending channel with lower highs and lower lows.
* Price action is consolidating just above $300, forming a weak bounce structure that lacks bullish conviction.
* The $300 – $304 zone is now a pivotal short-term resistance area.
* Volume remains heavier on down moves, further supporting the bearish case.
* The descending resistance trendline from late July continues to cap rallies.
Swing Trade Scenarios:
* Bearish Scenario:
* Short entries can be considered on failed bounces into $304 – $308.
* First target: $296 – $292.
* Second target (if breakdown accelerates): $285 – $280.
* Bullish Scenario (Low Probability Until Breakout):
* A breakout and hourly close above $315 could trigger short covering toward $325 – $330.
Risk Management:
* Stops for shorts should be set above $311 – $315, depending on aggression level.
* Watch for potential gamma flip near $308, where dealer positioning may shift.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk appropriately before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.