Home Options METAReports

META

Meta Platforms, Inc.Close $616.63EOD only

Max Pain

$605.00

Next expiry May 15, 2026

Expected Move

±$12.47

2.0% from close

Price Gap

-11.63

Distance to max pain

IV Rank

High premium

P/C OI

0.47

Slightly call-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: May 13, 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 13, 2026 close

META Directional Report

Analysis based on market close May 14, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

META bullish setup with dealer gamma pinning near $600 and strong flow supports drift higher within 2-day range $609.40-$627.45. High confidence from aligned GEX/flow and low vol.

Confidence:

9 / 10

Base 5, +2 GEX/flow aligned, +1 GEX positive (pinning), +1 VIX 17

Supports: Bullish flow, positive gamma pinning, spot above max pain, low vol
Conflicts: None material

📈Bullish flow premium positive, P/C low

🎯Gamma pinning near $600 flip

✅Low vol environment supports drift

Regime Classification

Vol Regime

Normal

IV normal versus VIX 17.26, no unusual expansion

Gamma Regime

Pinning

GEX +$139.3M, dealers long gamma, pinning near $600

Flow Regime

Bullish

Net premium positive, P/C favors calls

Spot vs Max Pain

Above

Spot $619 above max pain $605, positive drift

Thesis duration: Event-specific — Near expiry with pinning and high OI concentrations

Price Range Forecast

Next 2 days

$609.40$627.45

Drift toward $627.45 high with gamma support

Next 1 week

$599.13$637.73

Potential test of $637.73 if momentum continues

Next 2 weeks

$587.65$649.20

Mean reversion after expiry in $587.65-$649.2

Key Levels

Max pain pins: $605 (2026-05-15); $605 (2026-05-18); $600 (2026-05-20)

EM guardrails: 2d $609.40/$627.45; 1w $599.13/$637.73

Support: $605.00 · $600.00 · $587.65

Resistance: $649.20

Gamma flip: ~$600.00 — Approx — based on put OI concentration of 16,865 (3.0% below spot)

Structural: Support $605 (MP), $600 (gamma flip), $587.65; resistance $649.2. EM guardrails 2d $609.40/$627.45, 1w $599.13/$637.73

Dealer Positioning (GEX/DEX)

GEX: $+139.3M

DEX: +65.0M shares

Gamma flip: ~$600 (Approx — based on put OI concentration of 16,865 (3.0% below spot))

NTM gamma: Long gamma (+$139.3M) with flip ~$600; put OI 16,865 (3% below spot) provides sticky support

IV Analysis

IV vs VIX: IV inline with VIX 17.26, not rich or cheap

Term structure: Near-expiry elevated due to event pinning, back months normal

Skew: Put skew elevated below $600; sell puts below gamma flip

Flow Analysis

Net premium: Net premium $214M positive, P/C vol 0.29, OI 0.47: strong bullish flow.

Directional prints: 26.4 call 625 OTM 2026-05-15 — Vol 29k, OI 4.6k, ratio 6.4; likely bought, bullish bet; preferred read bullish. 26.1 call 617.5 ITM 2026-05-15 — Vol 7.5k, OI 1.2k, ratio 6.2; likely bought, bullish; preferred read bullish. 28.6 call 645 OTM 2026-05-18 — Vol 1.7k, OI 294, ratio 5.8; new bullish position; preferred read bullish.

Unusual: 25.6 put 622.5 ITM 2026-05-15 — Vol 1.7k, OI 130, ratio 13.3; extreme vol/OI; likely bought hedge or bearish; preferred read cautious bearish. 72.3 put 710 ITM 2026-05-15 — Vol 1.1k, OI 133, ratio 8.3; high IV; likely bought for downside protection; preferred read bearish hedge. 142 put 730 ITM 2026-05-15 — Vol 3.9k, OI 638, ratio 6.1; extreme IV; likely hedged selling; preferred read bearish.

Risks & Catalysts

!Upside: bullish flow accelerates above range

!Downside: gamma flip breach below $600 triggers dealer hedging

!Event: earnings/macro disrupts pinning

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-05-29 $625.00/$640.00 call spread Why now: Strong dealer gamma pin near $600 and bullish flow support drift higher; defined-risk upside capture.	Max loss is net debit; capped upside if rally exceeds short strike.
Put credit spread	Moderate	Sell 2026-05-29 $595.00/$590.00 put spread Why now: Dealer gamma pin near $600 and bullish flow suggest downside limited; defined-risk premium harvest.	Max loss if stock drops below short put strike; capped downside.
Long call	Moderate	Buy 2026-05-29 $635.00 call Why now: Bullish flow and dealer gamma support upside; long call captures convexity with defined risk.	Time decay and IV contraction if move doesn't materialize quickly; entire premium at risk.

Top Plays

Bull Call Spread

Buy 2026-05-29 $625.00/$640.00 call spread

Buy $625/$640 call spread to profit from drift higher within expected range.

Why this play: Best fit for bullish thesis with defined risk and upside capture near gamma pin.

Debit: $4.59-$5.61

Max loss: $5.61

BE: $630.61

Mgmt: Exit if price drops below $605 or target reached near $640.

Traders seeking defined-risk bullish exposure with high confidence in limited move.

Long Call

Buy 2026-05-29 $635.00 call

Buy $635 call for unlimited upside potential from bullish flow and gamma support.

Why this play: Captures convexity if upside accelerates, but higher cost and no range bound.

Debit: $8.23-$10.06

Max loss: $10.06

BE: $645.06

Mgmt: Set stop at $605; consider rolling if price stalls.

Traders expecting strong breakout above range with higher risk tolerance.

Put Credit Spread

Sell 2026-05-29 $595.00/$590.00 put spread

Sell $595/$590 put spread to collect premium with defined risk.

Why this play: Least aligned with bullish bias; only suitable if downside is limited but not primary view.

Credit: $1.03-$1.26

Max loss: $3.74

BE: $593.74

Mgmt: Exit if price breaks below $605; otherwise hold to expiry.

Traders wanting to harvest premium with low downside probability.

Watchlist Triggers

Entry Triggers

IFIF META holds above $605 support with gamma pin near $600 and bullish flow → THEN buy 2026-05-29 $625/$640 call spread near entry range $4.59-$5.61

IFIF META breaks above $627.45 (2d upper guardrail) with momentum → THEN buy 2026-05-29 $635 call near entry range $8.23-$10.06

Exit Triggers

EXITIF META closes below $605 invalidation level → THEN close all long positions (call spread and long call) to limit loss

EXITIF META reaches resistance $649.2 with slowing momentum → THEN take profit on call spread and consider closing long call

Tactical Summary

Bullish bias with gamma pin near $600 and support at $605. Top play: bull call spread $625/$640 for drift higher. Long call if breakout above $627.45. Invalidation level $605 triggers exit. Put credit spread secondary for premium harvest.

How to Use These Reports

This directional reflects the market close on May 14, 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.