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META

Meta Platforms, Inc.Close $612.34EOD only

Max Pain

$600.00

Next expiry May 27, 2026

Expected Move

±$6.75

1.1% from close

Price Gap

-12.34

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.45

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 26, 2026 close

End-of-day snapshot

This page reflects META options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 26, 2026 close

META Directional Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from April 6, 2026. A newer directional report is available for May 26, 2026.

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Outlook

Neutral with upside magnet to $595. Confidence: 5.5/10. GEX +$36.9M pins near spot, but net premium -$117.1M and mixed flow signal institutional selling. Spot above max pain adds gravity.

Confidence:

5.5 / 10

base 5; +1 GEX positive (pinning); -1 GEX/flow contradict; +0.5 spot 1.9% from MP

Supports: GEX +$36.9M (pinning), near-term put OI clusters $520-$555, max pain $562-$572
Conflicts: Net premium -$117.1M bearish, P/C vol 0.84 neutral, spot above MP

📌GEX pinning near $575-$595

💸Net premium -$117.1M signals institutional selling

Regime Classification

Vol Regime

Normal

IV 46.5% vs VIX N/A — normal vol regime

Gamma Regime

Pinning

GEX +$36.9M concentrated near spot, pinning regime

Flow Regime

Mixed

Net prem -$117.1M with P/C 0.84, mixed flow regime

Spot vs Max Pain

Above

Spot $573.02 above MP $562-$572

Thesis duration: Multi-week — Max pain ladder flat ~$562 across expirations, GEX sign stable positive, flow regime consistent

Price Range Forecast

Next 2 days

$559.27$586.77

GEX pinning dominates; <$559.27 invalidates

Next 1 week

$550.97$595.07

Pin release widens range; >$595.07 breaks resistance

Next 2 weeks

$535.70$610.35

Flow supports drift; <$535.70 breaks support

Key Levels

Max pain pins: $562 (2026-04-06); $570 (2026-04-08); $572 (2026-04-10)

EM guardrails: 2d $559.27/$586.77; 1w $550.97/$595.07

Support: $560.00 · $555.00 · $550.00

Resistance: $595.00 · $600.00 · $610.00

Gamma flip: ~$500.00 — Approx — based on put OI concentration of 15,134 (12.7% below spot)

Structural: Call OI wall $700-$800 caps upside; put floor $500-$500 distant

Dealer Positioning (GEX/DEX)

GEX: $+36.9M

DEX: +61.6M shares

Gamma flip: ~$500 (Approx — based on put OI concentration of 15,134 (12.7% below spot))

NTM gamma: Call gamma $595/$585; put gamma $555/$560

IV Analysis

IV vs VIX: IV 46.5% vs VIX N/A — no comparison

Term structure: Humped — 4/8 41.8% > 4/13 36.4% > 5/1 46.8%

Skew: 4/8 vs 4/13 ~5.4 vol-pt differential

Flow Analysis

Net premium: -$117.1M bearish; P/C vol 0.84 neutral

Directional prints: put 575 ITM 2026-04-08 — vol 7,119 vs OI 120 (59.3x) — likely sold for premium call 580 OTM 2026-04-08 — vol 6,171 vs OI 247 (25.0x) — likely bought for upside

Unusual: 44.2 put 552.5 OTM 2026-04-10 — vol 6,474 vs OI 167 (38.8x) — likely sold for premium

Risks & Catalysts

!Gamma flip ~$500 distant but break <$560 accelerates selling

!Earnings 4/29 adds vol risk

!Net premium -$117.1M signals institutional selling pressure

!VIX unknown adds macro uncertainty

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Iron condor	Moderate	$555/$560P x $595/$600C 4/13	GEX positive but VIX unknown
CSP / put spread	Moderate-Strong	Sell $560/$555 put spread 4/13	Break <$555
Long calls	Moderate-Weak	Buy $595 call 4/13	IV 36.4% high, pinning resistance
Long puts / bear put spreads	Weak	Avoid	GEX positive, net premium bearish but pinning dominates
Calendar/diagonal	Moderate-Strong	Sell 4/8 $595 call (IV 39.9%), buy 4/13 $595 call (IV 34.2%)	Pin holds, +5.7pt vol edge
PMCC / LEAPS diagonal	Moderate	Buy 2027-03-19 $500 call, sell 4/13 $595 call	Long-dated IV 41.0% high
Covered call	Moderate-Strong	Sell $595 call 4/13	Upside capped at resistance
Cash-secured put / put spread	Moderate-Strong	Sell $560 put 4/13	Break <$560
Long stock	Moderate	Buy shares	Net premium bearish
Short stock	Weak	Avoid	GEX positive pinning

Top Plays

Put Spread

Sell $560/$555 put spread 4/13

Defined-risk premium below pin with GEX support.

Credit: $0.80-$1.20

Max loss: $4.20

BE: $559.20

Mgmt: Close at 60-70% max profit; stop if spot <$555.

Defined-risk premium collection near support.

Calendar Spread

Sell 4/8 $595 call, buy 4/13 $595 call

Sell high IV near-term, buy lower IV farther out for +5.7pt edge.

Credit: $0.15-$0.25

Max loss: $2.00

BE: N/A

Mgmt: Close when near-term expires; adjust if spot >$600.

Vol decay capture with pinning upside.

Covered Call

Sell $595 call 4/13

Generate income with upside capped at resistance; extra time improves premium vs weekly.

Credit: $2.86-$3.35

Max loss: unlimited

BE: N/A

Mgmt: Roll up/out if spot approaches $595; take profit at 50%.

Shareholders wanting income with defined exit.

Watchlist Triggers

Entry Triggers

IFSpot tags $560, holds 30 min → Sell $560/$555 put spread 4/13

IFSpot tags $595, IV >40% → Sell $595 call 4/13

Exit Triggers

EXITSpot <$555, volume spikes → Exit all short premium positions

EXITSpot >$610, breaks EM bound → Take profit on covered calls

Tactical Summary

Neutral pinning with upside magnet to $595. Invalidation: <$555. Regime favors short premium near support. Top plays: put spread for defined risk, calendar for vol edge, covered call for shareholders.

How to Use These Reports

This directional reflects the market close on April 6, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.