Home Options METAReports

META

Meta Platforms, Inc.Close $605.06EOD only

Max Pain

$605.00

Next expiry May 22, 2026

Expected Move

±$12.50

2.1% from close

Price Gap

-0.06

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.46

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 20, 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 20, 2026 close

META Directional Report

Analysis based on market close May 20, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias with pinning at $605; strong GEX/flow alignment supports upward drift; VIX 17 provides favorable vol environment.

Confidence:

9 / 10

Base 5, +2 GEX/flow aligned, +1 GEX pinning, +1 spot at MP, +1 VIX 17

Supports: GEX +$89.3M bullish; spot at $605 max pain; flow bullish; VIX 17 normal vol
Conflicts: Gamma flip at ~$500 could accelerate if breached; resistance $636

🎯Price pinned at $605 with strong dealer support

📈Bullish flow and GEX alignment

⚖️VIX at 17 supports normal vol environment

Regime Classification

Vol Regime

Normal

IV normal relative to VIX ~17, no stress

Gamma Regime

Pinning

Gamma pinning at $605 with +$89.3M GEX; spot within 0.0% of MP

Flow Regime

Bullish

Bullish flow with net premium positive, P/C ratio low

Spot vs Max Pain

Spot at max pain $605, pinning support

Thesis duration: Event-specific — Max pain $605 on 5/20 and 5/22 expiries, combined with strong dealer gamma, suggests event-driven pinning through weekly expiry

Price Range Forecast

Next 2 days

$592.56$617.56

Pinned at $605 with support at MP

Next 1 week

$588.31$621.81

Holding above $588 support, target $622

Next 2 weeks

$574.03$636.08

Upside potential to $636 resistance if momentum continues

Key Levels

Max pain pins: $605 (2026-05-20); $605 (2026-05-22); $605 (2026-05-26)

EM guardrails: 2d $592.56/$617.56; 1w $588.31/$621.81

Support: $605.00 · $574.03

Resistance: $636.08

Gamma flip: ~$500.00 — Approx — based on put OI concentration of 15,197 (17.4% below spot)

Structural: Support $574 (structural), resistance $636; max pain pins at $605 (5/20, 5/22, 5/26); gamma flip ~$500

Dealer Positioning (GEX/DEX)

GEX: $+89.3M

DEX: +58.8M shares

Gamma flip: ~$500 (Approx — based on put OI concentration of 15,197 (17.4% below spot))

NTM gamma: Dealers long gamma at +$89.3M, net long 58.8M shares, pinning near $605; flip at ~$500 (put OI concentration)

IV Analysis

IV vs VIX: IV normal vs VIX 17; no premium distortion

Term structure: Likely flat to slightly backwardated near expiry

Skew: Put skew unremarkable; ATM options priced near pinned level

Flow Analysis

Net premium: Heavy net call premium of $139.8M with put/call volume ratio 0.39, indicating strong bullish flow.

Directional prints: 7.4 call 602.5 ITM 2026-05-20 — Vol/OI 25.2, 19.9k vol vs 791 OI; aggressive call buying, likely opening. Prefer bought. 7 call 610 OTM 2026-05-20 — Vol/OI 18.2, 34.2k vol vs 1.9k OI; massive OTM call buying, directional upside. 3.7 call 605 ITM 2026-05-20 — Vol/OI 16.3, 30.1k vol vs 1.8k OI; strong call accumulation.

Unusual: 7.4 call 602.5 ITM 2026-05-20 — Vol/OI 25.2x, highest ratio; 19.9k vol vs 791 OI; unusual aggressive call buying. 7 call 610 OTM 2026-05-20 — Vol/OI 18.2x, largest volume; 34.2k contracts; extreme OTM call sweep. 3.7 call 605 ITM 2026-05-20 — Vol/OI 16.3x, 30.1k vol; concentrated call flow near resistance.

Risks & Catalysts

!Gamma flip at $500 if spot drops 17%

!Break below $574 support

!Volatility spike from macro event

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-08-21 $670.00/$710.00 call spread Why now: Flow and GEX support upside, VIX cheap.	Upside capped if rally stalls.
Put credit spread	Moderate-Strong	Sell 2026-08-21 $530.00/$490.00 put spread Why now: Strong bullish flow, low vol, define risk.	Sharp drop below $560 breaks support.
Bullish risk reversal	Moderate	Buy 2026-08-21 $650.00 call / sell 2026-08-21 $530.00 put Why now: Upside convexity with tail risk hedged.	Uncapped downside if put strike tested.
Long call	Moderate	Buy 2026-08-21 $620.00 call Why now: Call flow dominant, VIX low, positive drift.	Time decay and vol crush if flat.
Cash-secured put	Moderate-Weak	Sell 2026-08-21 $550.00 cash-secured put Why now: Support at $574, low IV, bullish bias.	Stock assigned if drops below strike.

Top Plays

Bull Call Spread

Buy 2026-08-21 $670.00/$710.00 call spread

Leverages call flow and GEX support with defined risk.

Why this play: Best balance of upside capture and risk control given bullish flow and low vol.

Debit: $7.78-$9.51

Max loss: $9.51

BE: $679.51

Mgmt: Exit if spot breaks below $574; take profit at 50% max gain or near expiry.

Moderate bullish bias, risk-aware trader.

Put Credit Spread

Sell 2026-08-21 $530.00/$490.00 put spread

Sells put spread to profit from defined support zone.

Why this play: Earns premium from bullish bias with downside protection; less aggressive than long calls.

Credit: $6.30-$7.70

Max loss: $32.30

BE: $522.30

Mgmt: Roll if tested near short strike; close at 50% max profit.

Bullish but prefer premium collection, lower delta.

Long Call

Buy 2026-08-21 $620.00 call

Direct bullish bet with convexity; suited for directional conviction.

Why this play: Capitalizes on strong call flow and upward drift for unlimited upside.

Debit: $36.29-$44.36

Max loss: $44.36

BE: $664.36

Mgmt: Consider trailing stop; exit on break of $574 support.

Aggressive trader seeking high payoff.

Watchlist Triggers

Entry Triggers

IFIF META holds above $605 support with bullish flow and VIX stable → THEN enter Bull Call Spread: Buy 2026-08-21 $670/$710 call spread near $8.65

IFIF META pulls back to $600-$605 zone but stays above $574 → THEN enter Put Credit Spread: Sell 2026-08-21 $530/$490 put spread near $7.00

IFIF META breaks above $636 with strong momentum → THEN enter Long Call: Buy 2026-08-21 $620 call near $40

Exit Triggers

EXITIF META closes below $574 support → THEN exit all bullish positions (Bull Call Spread, Put Credit Spread, Long Call)

Tactical Summary

Bullish bias with $605 pinning and call flow. Key support $574 (structural), resistance $636. VIX 17 favors defined-risk spreads. Top plays: Bull Call Spread (#1) for upside, Put Credit Spread (#2) for premium. Risk: break below $574 invalidates bullish thesis. Monitor earnings and macro events.

How to Use These Reports

This directional reflects the market close on May 20, 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.