TSLA’s May-30-25 360 Call Hits 50,973 Contracts—Sellers Take the Lead as Retail Drives the Surge
Click to View this Option in the TSLA Option Chain Profit Calculator
Most Active Option: May-30-25 360 Call Racks Up 50,973 Trades by 10:30 AM
This morning, one TSLA options contract stood out: the May-30-25 360 Call. With an impressive 50,973 contracts changing hands by 10:30 AM—10% of all TSLA options volume today—it’s easily the busiest trade on the board. For perspective, that’s triple the open interest reported as of yesterday, highlighting a major short-term play.
| Contract | Volume | % of TSLA Option Volume | Previous OI | Price VWAP |
|---|---|---|---|---|
| May-30-25 360 Call | 50,973 | 10.0% | 16,607 | $2.27 |
Sellers Dominate: 66.6% of Volume Was Sold—Mostly by Retail
While TSLA’s stock traded narrowly between $353.82 and $359.16, the option’s contract price saw significant volatility: it ranged from $1.43 to $3.05, settling most recently at $2.85. However, the bulk of trades—66.6%—were executed on the sell side, with only 33.4% being outright buys. Retail investors made up the majority of these trades, accounting for 74% of all volume, while larger, professional trades only contributed 26%.
| Side | Percent of Volume |
|---|---|
| Bought | 33.4% |
| Sold | 66.6% |
| Trader Type | Percent of Volume |
|---|---|
| Retail/Small | 74% |
| Large/Pro | 26% |
Technical Signals Neutral, But Heavy Sell Flows Hint at Profit Taking or Hedging
With TSLA’s price at $358.95—just $1.05 below the 360 strike—this contract represents a pure intraday bet, expiring at the close today. The negative change in open interest (down 1,229 from the previous day) suggests some positions are being closed out rather than initiated anew. Meanwhile, a VWAP of $2.27 on the contract sits below yesterday’s closing price of $4.03, indicating that sellers may be accepting lower prices to exit positions.
The combination of outsized retail involvement and dominance of selling activity could point to several interpretations. Traders may be quickly cashing in on profits after an earlier price surge, or bracing for limited upside before expiration—particularly with TSLA’s stock so close, yet just under, the strike.
Key Takeaway: Is TSLA’s 360 Call Surge a Signal or Just Noise?
While there’s no clear data on whether the majority of trades were opening or closing positions, today’s order flow leans toward cautious profit-taking or tactical hedging by smaller traders, with professional traders staying more reserved. This lopsided selling into expiration suggests limited conviction for a major upside pop before the bell. But the scale of activity still warrants attention—especially for anyone tracking short-term volatility in TSLA.
Will this flurry of 0 DTE calls precede a last-minute push above $360, or is the retail crowd just locking in quick gains? TSLA traders should keep an eye on price action as the clock winds down—the answer may play out by market close.
Contact Information:
If you have feedback or concerns about the content, please feel free to reach out to us via email at support@marketchameleon.com.
About the Publisher - Marketchameleon.com:
Marketchameleon is a comprehensive financial research and analysis website specializing in stock and options markets. We leverage extensive data, models, and analytics to provide valuable insights into these markets. Our primary goal is to assist traders in identifying potential market developments and assessing potential risks and rewards.
NOTE: Stock and option trading involves risk that may not be suitable for all investors. Examples contained within this report are simulated and may have limitations. Average returns and occurrences are calculated from snapshots of market mid-point prices and were not actually executed, so they do not reflect actual trades, fees, or execution costs. This report is for informational purposes only, and is not intended to be a recommendation to buy or sell any security. Neither Market Chameleon nor any other party makes warranties regarding results from its usage. Past performance does not guarantee future results. Please consult a financial advisor before executing any trades. You can read more about option risks and characteristics at theocc.com.
The information is provided for informational purposes only and should not be construed as investment advice. All stock price information is provided and transmitted as received from independent third-party data sources. The Information should only be used as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments and trading strategies. The Company does not guarantee the accuracy, completeness or timeliness of the Information.