Tesla Inc. closed at $345.82, down 1.26%.

The day’s options flow featured a standout $485 thousand put sale, with 1,100 contracts sold at the $320.00 strike expiring on 2026-09-18. That out-of-the-money short-put position anchored an otherwise light block-trade session, while the broader market showed a bullish Call/Put volume ratio of 1.28. The combination of cheap volatility and clear downside premium selling points to institutional confidence in TSLA’s support levels despite the modest daily decline.

>>>Click to claim your commission-free cards before trading!

Options Indicators

TSLA’s implied volatility is 43.86%, and with an IV percentile of just 3.59%, current option pricing sits near the low end of its historical range. Even though the absolute IV level is not especially low in isolation, the very depressed percentile suggests volatility is currently on the cheap side relative to TSLA’s own recent history. The IV/HV ratio of 1.18 indicates implied volatility is modestly above realized volatility, so options carry a slight premium to recent actual movement, but overall the market is still pricing volatility at relatively inexpensive levels rather than at an elevated extreme.

The Call/Put volume ratio is 1.28.

Large Trades

A PUT sale worth $485 thousand stood out as the day’s key large trade, with 1,100 contracts sold at the $320.00 strike expiring on 2026-09-18. With TSLA referenced at $345.82, the strike sits out of the money, making this a bullish short-put position. Strategically, the seller is expressing willingness to collect premium while betting the stock can remain above $320.00 into expiration, or at least avoid a deeper decline that would push the option meaningfully into the money.

Overall, the large-trade flow in TSLA leans clearly bullish. The session’s block activity was entirely concentrated in an out-of-the-money put sale, which typically reflects confidence in downside support and a preference to earn premium rather than pay for protection. That profile suggests institutional sentiment is constructive, with traders appearing comfortable taking on downside exposure in exchange for income, implying expectations for TSLA to stay resilient or trend modestly higher rather than break sharply lower.

Strategy Reference

For traders seeking a similar bullish income setup with lower assignment probability than the $320.00 strike, selling the $300.00 put expiring in September 2026 offers a wider buffer below current price while still collecting meaningful premium; alternatively, a put credit spread such as selling the $320.00 put and buying the $280.00 put can cap margin requirements while maintaining a bullish-to-neutral stance.