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META

Meta Platforms, Inc.Close $603.00EOD only

Max Pain

$600.00

Next expiry May 13, 2026

Expected Move

±$8.25

1.4% from close

Price Gap

-3.00

Distance to max pain

IV Rank

High premium

P/C OI

0.47

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: May 12, 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 12, 2026 close

META Directional Report

Analysis based on market close May 13, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias driven by strong GEX/flow alignment and positive gamma pinning near $600. Spot above max pain supports upward drift, but high vol regime warrants caution. Confidence 9/10.

Confidence:

9 / 10

Base 5 +2 GEX/flow aligned +1 GEX pinning +1 VIX 18

Supports: Bullish flow, positive gamma, spot above max pain
Conflicts: High vol regime may increase whipsaw

🟢GEX/flow strongly aligned

📌Gamma flip $600 is key support

⚠️High IV demands position sizing

Regime Classification

Vol Regime

High

IV elevated vs VIX, priced for near-term events

Gamma Regime

Pinning

Positive gamma, GEX +$171M, pinning near $600

Flow Regime

Bullish

Bullish flow, net premium positive, call-leaning P/C

Spot vs Max Pain

Above

Spot ~$617 above max pain pins, call-side pressure

Thesis duration: Event-specific — Max pain pins for weekly expirations and strong GEX indicate event-driven positioning

Price Range Forecast

Next 2 days

$604.16$629.11

Upward bias, supported by positive gamma

Next 1 week

$600.08$633.18

Range-bound grind higher, bias intact

Next 2 weeks

$584.71$648.56

Breakout potential above $648.56 resistance

Key Levels

Max pain pins: $600 (2026-05-13); $605 (2026-05-15); $608 (2026-05-18)

EM guardrails: 2d $604.16/$629.11; 1w $600.08/$633.18

Support: $600.00 · $584.71

Resistance: $648.56

Gamma flip: ~$600.00 — Approx — based on put OI concentration of 15,709 (2.7% below spot)

Structural: Support $600 (gamma flip), $584.71; resistance $648.56. EM guardrails 2d $604.16/$629.11, 1w $600.08/$633.18.

Dealer Positioning (GEX/DEX)

GEX: $+171.1M

DEX: +65.9M shares

Gamma flip: ~$600 (Approx — based on put OI concentration of 15,709 (2.7% below spot))

NTM gamma: GEX +$171.1M, DEX +65.9M shares; gamma flip ~$600

IV Analysis

IV vs VIX: IV rich vs VIX 17.87, reflecting event premium

Term structure: Slight contango out to next week, then flattening

Skew: Call skew elevated; consider put calendars if event passes

Flow Analysis

Net premium: Net premium is $381M positive with put/call volume ratio 0.34 and OI ratio 0.47, heavily skewed to call buying.

Directional prints: 4.9 call 620 OTM 2026-05-13 — Heavy OTM call buying on 5/13 620C; vol/OI 14.7, IV 4.9. Aggressive bullish bet for spot >620. 11.1 call 615 ITM 2026-05-13 — Large ITM call accumulation on 5/13 615C; vol/OI 23.3, IV 11.1. New bullish positions. 4.7 call 617.5 OTM 2026-05-13 — Significant OTM call volume on 5/13 617.5C; vol/OI 16.2, IV 4.7. Directional upside play.

Unusual: 9 put 610 OTM 2026-05-13 — Extreme vol/OI 74.7 on 5/13 610P OTM; likely hedging or closing, small OI. 5.3 put 615 OTM 2026-05-13 — High vol/OI 27.1 on 5/13 615P OTM; protective hedge or bearish speculation. 11.1 call 615 ITM 2026-05-13 — Elevated vol/OI 23.3 on 5/13 615C ITM; significant new bullish flow.

Risks & Catalysts

!Earnings or macro event spike

!Gamma flip break below $600

!VIX surge crushing long vol positions

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate-Strong	Sell 2026-07-17 $585.00/$560.00 put spread Why now: Positive gamma pinning near $600, heavy call flow, limited downside risk.	Unexpected break below 600 leads to max loss.
Bull call spread	Strong	Buy 2026-07-17 $630.00/$650.00 call spread Why now: Heavy call flow at 620 and high OI support bullish momentum.	Max loss limited to debit paid; upside capped at short strike.
Bullish risk reversal	Moderate	Buy 2026-07-17 $630.00 call / sell 2026-07-17 $585.00 put Why now: Strong call flow and positive gamma; risk reversal captures upside with put premium covering cost.	Short put exposes to downside risk if spot drops below 600.

Top Plays

Bullish Risk Reversal

Buy 2026-07-17 $630.00 call / sell 2026-07-17 $585.00 put

Buy call, sell put to capture upside with offsetting premium.

Why this play: Unlimited upside, low cost due to put premium, aligns with heavy call flow and positive gamma.

Debit: $9.83-$12.02

Max loss: $585.00

BE: $585.00

Mgmt: Monitor invalidation at $600; exit if breached.

Aggressive traders seeking high upside.

Bull Call Spread

Buy 2026-07-17 $630.00/$650.00 call spread

Buy lower strike call, sell higher strike call for leveraged upside.

Why this play: Fixed risk, defined reward, capitalizes on bullish momentum with lower cost.

Debit: $6.86-$8.39

Max loss: $8.39

BE: $638.39

Mgmt: Manage at expiration; roll if near $600.

Moderate risk traders.

Put Credit Spread

Sell 2026-07-17 $585.00/$560.00 put spread

Sell put spread to profit from price staying above $585.

Why this play: Collects premium with limited risk; suits high-confidence bullish view with downside buffer.

Credit: $6.32-$7.73

Max loss: $17.27

BE: $577.27

Mgmt: Buy back if spot drops below $600.

Conservative traders.

Watchlist Triggers

Entry Triggers

IFSpot above $600 → Buy META Jul17 630C / sell 585P

IFSpot above $600 and momentum → Buy META Jul17 630/650C spread

IFSpot above $600 → Sell META Jul17 585/560P spread

Exit Triggers

EXITSpot breaks $600 → Exit bullish positions

Tactical Summary

Bullish bias. Ranked plays Jul17: risk reversal, call spread, put spread. Invalidation $600.

How to Use These Reports

This directional reflects the market close on May 13, 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.