$Tesla(TSLA.US) TSLA Options Market Daily Report (2026-02-09)

The Tesla options market on the day exhibited a clearly bullish structure overall. Net Trade Sentiment reached +$14.29M, and Delta Imbalance was +305,525, indicating directional funds actively taking long positions. Trading focus was concentrated on near-month and medium-term high-Delta Calls (e.g., the 365C, 370C line). These contracts, close to a "substitute for the underlying stock" long expression, suggest market funds at the current price level are inclined to bet on a phased rebound or continuation of the uptrend, rather than merely engaging in volatility plays.

Meanwhile, there were still many large long-term orders on the Put side, particularly concentrated in the 2027–2028 long-dated contracts, with IV maintained above 50%, resembling portfolio protection or tail hedging more than a trend-based short. The overall structure reflects the coexistence of aggressive long positions and long-term defensive insurance: short-term sentiment is warm, but the market still retains pricing for high volatility and tail risks, not yet forming a completely one-sided optimistic pattern.