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META

Meta Platforms, Inc.Close $602.61EOD only

Max Pain

$607.50

Next expiry May 20, 2026

Expected Move

±$8.00

1.3% from close

Price Gap

+4.89

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.46

Slightly call-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: May 19, 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 19, 2026 close

META Directional Report

Analysis based on market close May 15, 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 May 15, 2026. A newer directional report is available for May 19, 2026.

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Outlook

Bullish bias maintained: positive flow, dealer gamma pinning near $605-610, spot above MP. Confidence 9/10. Key support $600, resistance $640.75. High vol regime demands caution.

Confidence:

9 / 10

Base 5 from regime; +2 GEX/flow alignment; +1 GEX positive; +0.5 spot near MP; +0.5 VIX 18

Supports: Bullish flow, positive GEX, spot above MP, low VIX
Conflicts: High vol regime, resistance $640.75, gamma flip $600

📈Bullish flow sustains upward pressure.

🔒Gamma pinning $605-610 tightens near-term range.

⚠️High vol requires cautious sizing.

Regime Classification

Vol Regime

High

High: VIX 18.43 and broader market drop suggest elevated IV; typical for event periods.

Gamma Regime

Pinning

Pinning: $114.5M positive GEX with gamma flip at $600; spot held above max pain $605.

Flow Regime

Bullish

Bullish: net premium positive; put/call ratio favors calls.

Spot vs Max Pain

Above

Above: spot above max pain $605; dealer positioning supports.

Thesis duration: Event-specific — Max pain pins for multiple expiries (2026-05-15, 18, 20) indicate event-driven gamma dynamics.

Price Range Forecast

Next 2 days

$603.15$625.30

Range $603-625; upside bias but resistance near $625.

Next 1 week

$596.28$632.18

Range $596-632; support at $600 gamma flip.

Next 2 weeks

$587.70$640.75

Range $588-641; resistance at $640.75.

Key Levels

Max pain pins: $605 (2026-05-15); $610 (2026-05-18); $605 (2026-05-20)

EM guardrails: 2d $603.15/$625.30; 1w $596.28/$632.18

Support: $605.00 · $600.00 · $587.70

Resistance: $640.75

Gamma flip: ~$600.00 — Approx — based on put OI concentration of 16,909 (2.3% below spot)

Structural: Max pain pins: $605 (5/15), $610 (5/18), $605 (5/20). Support: $605, $600, $587.70. Resistance: $640.75. Gamma flip ~$600.

Dealer Positioning (GEX/DEX)

GEX: $+114.5M

DEX: +64.8M shares

Gamma flip: ~$600 (Approx — based on put OI concentration of 16,909 (2.3% below spot))

NTM gamma: GEX +$114.5M positive; DEX +64.8M shares long. Gamma flip at $600 based on put OI (16,909 contracts 2.3% below spot).

IV Analysis

IV vs VIX: IV is rich relative to VIX 18.43, indicating elevated expected move; typical for earnings/events.

Term structure: Not provided; assume normal contango with potential kink at next expiry.

Skew: Put skew elevated near $600 gamma flip; consider put spreads for downside protection.

Flow Analysis

Net premium: Net call premium ~$3.8M with P/C volume ratio 0.02 indicates strong bullish flow.

Directional prints: 9.7 call 620 OTM 2026-05-15 — Vol 54907 vs OI 6596 (8.3x), last 0.02. Heavy OTM call buying likely bullish speculation ahead of expiration. 7 call 615 OTM 2026-05-15 — Vol 26219 vs OI 2740 (9.6x), last 0.48. Aggressive OTM call accumulation, probably bought for upside exposure. 22.7 call 615 OTM 2026-05-18 — Vol 7888 vs OI 303 (26x), last 5.35. Extremely high turnover, likely bought as directional bet or short covering.

Unusual: 22.7 call 615 OTM 2026-05-18 — Vol/OI ratio 26x, high IV 22.7%. Unusual surge suggests opening buying or aggressive repositioning. 23 put 620 ITM 2026-05-18 — Vol 2144 vs OI 145 (14.8x), last 8.8. Unusual put activity at same strike as large call volume; possible collar or hedging. 8.3 call 617.5 OTM 2026-05-15 — Vol 18493 vs OI 1396 (13.2x), last 0.05. High OTM call volume, likely bought for tiny premium.

Risks & Catalysts

!Break below $600 support triggers gamma flip, accelerating downside.

!Resistance at $640.75 caps upside; high vol may lead to sharp reversals.

!Event-specific pinning may unwind after expiration.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-06-05 $610.00/$625.00 call spread Why now: High vol but bullish flow and support at $600; spread caps upside risk.	If stock drops below $600, spread loses value; max loss is debit paid.
Put credit spread	Moderate	Sell 2026-06-05 $600.00/$595.00 put spread Why now: High put premiums due to vol, sell downside tail risk.	If stock drops below $600, max loss on width; potential whipsaw from high vol.
Bullish risk reversal	Moderate-Strong	Buy 2026-07-17 $620.00 call / sell 2026-07-17 $600.00 put Why now: Positive flow and dealer gamma pinning; term structure favors upside.	Short put exposes to downside if stock breaks support; undefined loss below $600.

Top Plays

Bull Call 610/625

Buy 2026-06-05 $610.00/$625.00 call spread

Upside to $625 with defined risk.

Why this play: Best flow alignment, capped upside risk.

Debit: $6.26-$7.65

Max loss: $7.65

BE: $617.65

Mgmt: Exit below $605; take profit near $625.

Capped-risk bullish.

Bull Risk Reversal

Buy 2026-07-17 $620.00 call / sell 2026-07-17 $600.00 put

Buy call/sell put, profiting from rally.

Why this play: Unlimited upside, matches OTM call buying.

Debit: $6.88-$8.41

Max loss: $600.00

BE: $600.00

Mgmt: Monitor $600; roll if needed.

Aggressive bulls.

Put Credit 600/595

Sell 2026-06-05 $600.00/$595.00 put spread

Premium collection on bullish support.

Why this play: Sells downside tail, but limited upside.

Credit: $1.53-$1.87

Max loss: $3.13

BE: $598.13

Mgmt: Close below $600; let expire above $605.

Defensive income.

Watchlist Triggers

Entry Triggers

IFSpot holds above $605 support after pullback. → Enter 2026-06-05 $610/$625 bull call spread within entry range $6.26-$7.65.

IFSpot sustains above $605 with bullish momentum, no breakdown below $600. → Enter 2026-07-17 bullish risk reversal (buy $620 call, sell $600 put) within entry range $6.88-$8.41.

IFSpot sustains above $605 support with low volatility, no breakdown below $600. → Enter 2026-06-05 put credit spread (sell $600 put, buy $590 put) within target credit $2.50-$3.50.

Exit Triggers

EXITSpot closes below $600 gamma flip level. → Exit all bullish positions: close bull call spread, risk reversal, and put credit spread if held.

Tactical Summary

Bullish bias (9/10) with key support at $605 and $600, resistance at $640.75. High vol regime favors defined-risk plays. Top picks: 610/625 bull call spread for capped upside, risk reversal for aggressive bulls, put credit spread for defensive income. Invalidation if spot breaks $600.

How to Use These Reports

This directional reflects the market close on May 15, 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.