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META

Meta Platforms, Inc.Close $607.38EOD only

Max Pain

$605.00

Next expiry May 22, 2026

Expected Move

±$8.30

1.4% from close

Price Gap

-2.38

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.45

Slightly call-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: May 21, 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 21, 2026 close

META Directional Report

Analysis based on market close May 21, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias supported by strong dealer gamma pinning at $605 and positive flow. Spot near max pain with low VIX favors gradual upward grind toward upper range. Resistance at $636, but no immediate catalyst for reversal.

Confidence:

9 / 10

Base 5.0 +2.0 for GEX/flow alignment +1.0 positive gamma pinning +1.0 spot 0.4% from MP +1.0 VIX 17 = 9.0

Supports: Bullish flow, dealer long gamma, pinning at $605, low VIX, spot at MP.
Conflicts: Resistance at $636, gamma flip at $500 (far), potential profit-taking.

📈Bullish flow and $+77.4M GEX push upside within range.

📍Max pain $605 pinning action keeps spot in tight range.

🛡️Low VIX 17 supports steady climb with low volatility.

⚠️Resistance at $636 is key hurdle; flip risk low but present.

Regime Classification

Vol Regime

Normal

Volatility normal; IV within typical range, VIX at 17 supports low tail risk.

Gamma Regime

Pinning

Gamma pinning strongly at $605 with $+77.4M GEX; gamma flip at ~$500 from put concentration.

Flow Regime

Bullish

Net premium flow bullish per input—supports upward bias.

Spot vs Max Pain

Spot at $605 max pain; close to MP with pinning effect.

Thesis duration: Multi-week — Bullish flow, dealer gamma, and VIX support sustained upward drift over weeks.

Price Range Forecast

Next 2 days

$599.08$615.68

Range $599-$616; upside toward $616 but resistance.

Next 1 week

$594.21$620.56

Range $594-$621; gradual climb to upper end.

Next 2 weeks

$578.68$636.08

Range $579-$636; key resistance at $636.

Key Levels

Max pain pins: $605 (2026-05-22); $605 (2026-05-26); $605 (2026-05-27)

EM guardrails: 2d $599.08/$615.68; 1w $594.21/$620.56

Support: $605.00 · $578.68

Resistance: $636.08

Gamma flip: ~$500.00 — Approx — based on put OI concentration of 15,217 (17.7% below spot)

Structural: Max pain $605; support $605, $578.68; resistance $636.08; gamma flip ~$500.

Dealer Positioning (GEX/DEX)

GEX: $+77.4M

DEX: +58.6M shares

Gamma flip: ~$500 (Approx — based on put OI concentration of 15,217 (17.7% below spot))

NTM gamma: $+77.4M GEX, +58.6M shares DEX; gamma flip ~$500 (put OI 17.7% below spot).

IV Analysis

IV vs VIX: No direct ticker IV; VIX at 17 suggests low vol environment for broad market, implied lower for META.

Term structure: Not available from input; assumed normal contango in absence of event kinks.

Skew: Skew data missing; no actionable opportunity suggested from available data.

Flow Analysis

Net premium: Net premium +$120.6M, P/C vol ratio 0.47, OI ratio 0.45 – bullish call flow.

Directional prints: 24.1 call 610 OTM 2026-05-22 — 17987 vol/1943 OI (9.3x). Aggressive buy. Bullish. Preferred: bought. 24.1 call 615 OTM 2026-05-22 — 19275 vol/2366 OI (8.2x). Buy. Bullish. Preferred: bought.

Unusual: 64.6 put 650 ITM 2026-05-22 — 1553 vol/144 OI (10.8x), high IV. Unusual put, hedge or bearish. Preferred: bought. 58.6 call 692.5 OTM 2026-05-22 — 1162 vol/137 OI (8.5x), high IV. Unusual OTM call, upside. Preferred: bought.

Risks & Catalysts

!Gamma flip risk at $500 if spot drops 17.7%.

!Resistance at $636 could stall rally.

!Flow reversal or macro shock could break pinning support.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-07-17 $635.00/$685.00 call spread Why now: Positive call flow and low VIX favor gradual grind; spread caps upside at 630.	Capped upside; downside if spot breaks below 600.
Put credit spread	Moderate	Sell 2026-07-17 $570.00/$520.00 put spread Why now: Low volatility and bullish flow make selling puts attractive; defined risk below 585.	Loss if spot drops below 585; gamma risk increases if spot breaks support.
Bullish risk reversal	Conditional	Buy 2026-07-17 $635.00 call / sell 2026-07-17 $570.00 put Why now: Strong call flow and low vol make risk reversal efficient; gamma pinning lowers put premium.	Unlimited upside if short put expires worthless; large loss if spot tanks below 600.

Top Plays

Bullish risk reversal

Buy 2026-07-17 $635.00 call / sell 2026-07-17 $570.00 put

Buy OTM call, sell OTM put for net debit; benefits from gradual grind up.

Why this play: Unlimited upside with low cost; leverages bullish flow and low vol.

Debit: $5.51-$6.74

Max loss: $570.00

BE: $570.00

Mgmt: Monitor gamma pin at $605; roll or adjust if support breaks.

Aggressive traders seeking high convexity with defined risk.

Bull call spread

Buy 2026-07-17 $635.00/$685.00 call spread

Vertical spread targeting resistance; premium decay works in favor.

Why this play: Capped profit but lower risk; suits moderate bullish view with low vol.

Debit: $10.53-$12.87

Max loss: $12.87

BE: $647.87

Mgmt: Exit if stock drops below $610 or if volatility spikes.

Traders wanting defined risk/reward with bullish tilt.

Put credit spread

Sell 2026-07-17 $570.00/$520.00 put spread

Credit spread generating theta decay; profit if stock holds above $570.

Why this play: Selling puts aligns with bullish bias; defined risk below $570.

Credit: $8.15-$9.96

Max loss: $40.04

BE: $560.04

Mgmt: Close or roll if stock approaches $585 to avoid max loss.

Income-focused traders expecting muted downside.

Watchlist Triggers

Entry Triggers

IFIf META spot drops to $605 support → Enter Bullish risk reversal: buy 2026-07-17 $635 call, sell 2026-07-17 $570 put at entry range $5.51-$6.74

Adjustment Triggers

ADJIf META spot rallies to $636 resistance → Take 50% profits on Bull call spread (2026-07-17 $635/$685) and tighten stop on risk reversal

Exit Triggers

EXITIf META spot breaks below $578.68 support → Close all bullish positions: sell bull call spread, buy back put credit spread, and unwind risk reversal

Tactical Summary

Bullish bias with gamma pin at $605. Range-bound grind toward $636. Entry on dips to $605 via risk reversal. Adjust at resistance; exit below $578.68. Low vol favors defined-risk spreads.

How to Use These Reports

This directional reflects the market close on May 21, 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.