TSLA at the Edge of Breakdown? Here’s the Options Play

GEX-Based Option Strategy Insight:
TSLA’s GEX landscape reveals heavy negative Gamma Exposure lurking below $305. That’s a red flag — dealers are likely to short more as price falls, amplifying downside. The highest negative NET GEX zone sits around $310–315, right near the current price, indicating a major PUT support zone — if broken, could trigger a volatility spike.
* PUT Walls: Stack up at $310, $300, $295, with max pain potential down to $285–290.
* Call Walls: Far above at $325/337.5/340 — little gamma resistance above, but TSLA would need a strong reversal to challenge those.
📌 Options Sentiment:
* IVR is 29.7 (lowish), IVx avg is 72.3 → options pricing isn’t cheap anymore.
* Calls 44.3% vs Puts 55.7% → leaning bearish.
* GEX suggests downside acceleration under $300.
➡️ Trade Idea (GEX View):
If $300 fails, consider buying 295 or 290 PUTs (weekly or next week expiry).
Target $285–290 zone for exit.
Above $310 = exit.

1-Hour Chart Technical Setup (2nd image):

TSLA has been in a clear downtrend, marked by:
* Break of Structure (BOS) followed by lower lows.
* Price is hovering inside a potential accumulation zone, but has shown no bullish confirmation yet.
* Volume is weak, and we are still sitting under a steep downtrend resistance line.
📉 Bearish Play:
* Break below $300 = confirmation of continuation.
* Entry: $299.50–300.00
* Target: $293.21 > $290 > $285
* Stop: Close above $305 (tight).
📈 Bullish Risk:
* Only valid if price breaks $310 and flips the BOS area at $317.
* This could trigger a squeeze toward $320/325, but that’s lower probability for now.

Final Thoughts:
Until we reclaim $310+, TSLA leans heavy. GEX confirms dealer pressure below $300. Use tight stops and don’t chase — volatility will increase fast on a breakdown.

Disclaimer: This is not financial advice. Trade at your own risk and always confirm your thesis.