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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 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias based on positive GEX/flow alignment, spot above max pain, and supportive VIX. Upside within ranges favored, with resistance at $637.

Confidence:

9 / 10

Positive GEX/flow alignment, spot above MP, VIX 17.

Supports: Positive GEX, bullish flow, spot above MP, VIX 17.
Conflicts: Gamma flip at $500 if breakdown.

📈Positive GEX $167.8M near $602

⚖️Spot above MP, call premium dominates

⚠️Gamma flip ~$500 if selloff

Regime Classification

Vol Regime

Normal

IV near HV, VIX 17 supports normal vol.

Gamma Regime

Pinning

Positive GEX $167.8M, pinning to $602 max pain.

Flow Regime

Bullish

Net call premium flow, P/C ratio favors upside.

Spot vs Max Pain

Above

Spot ~$602 above $602 MP, upside gamma tilt.

Thesis duration: Multi-week — Positive GEX, bullish flow, and spot above MP indicate sustained upside bias into monthly expiration.

Price Range Forecast

Next 1 week

$597.61$622.91

Support $602.5, resistance $637 likely tested.

Next 2 weeks

$583.41$637.11

Strong support $583, upside to $637.

Key Levels

Max pain pins: $602 (2026-05-22); $602 (2026-05-26); $600 (2026-05-27)

EM guardrails: 1w $597.61/$622.91

Support: $602.50 · $583.41

Resistance: $637.11

Gamma flip: ~$500.00 — Approx — based on put OI concentration of 15,282 (18.1% below spot)

Structural: Max pain $602 (22/26/27), EM guardrails 1w $597.61/$622.91, support $602.5,$583.41, resistance $637.11, gamma flip ~$500.

Dealer Positioning (GEX/DEX)

GEX: $+167.8M

DEX: +59.7M shares

Gamma flip: ~$500 (Approx — based on put OI concentration of 15,282 (18.1% below spot))

NTM gamma: Positive GEX $167.8M, DEX +59.7M shares, gamma flip ~$500.

IV Analysis

IV vs VIX: IV ~17, at VIX, not rich/cheap.

Term structure: Flat term structure, no event kinks.

Skew: Put skew moderate, consider call spreads.

Flow Analysis

Net premium: Bullish net premium $57M, P/C vol ratio 0.41, strong call buying.

Directional prints: 3.7 call 610 ITM 2026-05-22 — Vol 48k vs OI 4.2k (11x), aggressive OTM call buying, bullish. 16.8 call 615 OTM 2026-05-26 — Vol 7.5k vs OI 404 (19x), strong opening call buying, bullish. 9.2 put 612.5 ITM 2026-05-22 — Vol 11.6k vs OI 400 (29x), large put volume but likely hedging.

Unusual: 38 call 672.5 OTM 2026-05-29 — Vol 1.5k vs OI 123 (12x), far OTM call, high IV, speculative. 47.9 call 715 OTM 2026-05-29 — Vol 1.9k vs OI 166 (11x), extreme OTM call, high IV, lottery. 17.8 put 607.5 OTM 2026-05-26 — Vol 3.4k vs OI 141 (24x), OTM put with high vol/OI, bearish hedge.

Risks & Catalysts

!Break below $602 support

!Gamma flip at $500

!Unexpected vol expansion

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate-Strong	Sell 2026-07-17 $600.00/$595.00 put spread Why now: Strong call flow, P/C vol ratio 0.41, net bullish premium $57M. Spot above max pain. Use put credit spread to cap downside at 590.	Max loss if META breaks below 590 by expiration.
Bull call spread	Moderate	Buy 2026-07-17 $635.00/$640.00 call spread Why now: Positive gamma flux at 620-635 strikes. Resistance at 637 suggests profit target near 630-635. Net call premium supports bullish move.	Max loss if META fails to rally; debit paid.
Cash-secured put	Moderate	Sell 2026-07-17 $600.00 cash-secured put Why now: Spot above support, bullish flow, low put volatility. Premium capture while waiting for upward move.	Assignment risk if META drops below 600; opportunity cost.

Top Plays

Bull Call Spread

Buy 2026-07-17 $635.00/$640.00 call spread

Buy 635/640 call spread to capture upside to resistance at 637.

Why this play: Directly expresses bullish bias with capped risk, aligned with positive gamma flux and call flow.

Debit: $1.51-$1.84

Max loss: $1.84

BE: $636.84

Mgmt: Exit near 637 resistance or if spot breaks below 602.

Traders seeking leveraged upside with defined risk.

Put Credit Spread

Sell 2026-07-17 $600.00/$595.00 put spread

Sell 600/595 put spread to collect premium with buffer down to 590.

Why this play: Capitalizes on bullish flow and support level while generating premium.

Credit: $2.05-$2.50

Max loss: $2.50

BE: $597.50

Mgmt: Close if spot approaches 602 invalidation.

Income-oriented traders with bullish view.

Cash-Secured Put

Sell 2026-07-17 $600.00 cash-secured put

Sell 600 put to collect premium while waiting for bullish move.

Why this play: Simple bullish play to collect premium and potentially buy stock at discount.

Credit: $20.23-$24.72

Max loss: $575.28

BE: $575.28

Mgmt: Roll if spot nears 602 to avoid deep ITM.

Long-term bullish traders comfortable with assignment.

Watchlist Triggers

Entry Triggers

IFIf spot holds above $602.5 support. → Enter META_1 put credit spread.

IFIf spot breaks above $620 with momentum. → Enter META_2 bull call spread.

IFIf spot dips to $602.5 support. → Enter META_3 cash-secured put.

Adjustment Triggers

ADJIf spot nears $602.5 for META_1. → Roll put spread down to protect.

Exit Triggers

EXITIf spot breaks below $602.5. → Close all bullish positions.

Tactical Summary

Bullish bias from positive flow and gamma. Key support $602.5, resistance $637.11. Favor upside via bull call spreads or put credit spreads. Invalidation below $602.5.

How to Use These Reports

This directional reflects the market close on May 22, 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.