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META

Meta Platforms, Inc.Close $584.59EOD only

Max Pain

$605.00

Next expiry Jun 10, 2026

Expected Move

±$9.78

1.7% from close

Price Gap

+20.41

Distance to max pain

IV Rank

High premium

P/C OI

0.47

Slightly call-heavy

Consensus

5.0/10

Range bias

Published snapshot: Jun 9, 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

Jun 9, 2026 close

META Directional Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Near-term bearish bias as spot trades below max pain ($605-$600) under high vol regime, but dealer long gamma ($+6.2M) provides pinning support. Neutral over 1-2 weeks as range-bound dynamics emerge. Confidence 5.0 neutral.

Confidence:

5 / 10

Base 5; -1 GEX/flow contradict; +1 GEX positive pinning; -0.5 spot 3.4% below MP; +0.5 VIX ~20.

Supports: Dealer long gamma, positive DEX (+63.5M shares), gamma pinning near $600-605.
Conflicts: High vol regime, mixed flow, spot below max pain.

📉Spot below max pain ($605) – bearish tilt.

🛡️Dealer gamma $+6.2M supports pinning near $600.

⚠️High vol (~VIX 20) indicates event risk premium.

Regime Classification

Vol Regime

High

IV elevated vs typical range, reflecting event uncertainty and high vol regime.

Gamma Regime

Pinning

GEX +6.2M, dealers long gamma providing pinning action near $600-605 max pain.

Flow Regime

Mixed

Mixed net premium flow; no strong directional conviction from flow data.

Spot vs Max Pain

Below

Spot trading below max pain ($605/600), bearish lean for near term.

Thesis duration: Event-specific — Max pain pins for specific expiry dates (Jun10/12/15) indicate event-driven short-term dynamics.

Price Range Forecast

Next 2 days

$574.82$594.37

Below MP, resistance at $594.37 EM guardrail.

Next 1 week

$564.22$604.97

Range bound $564-$605 with gamma support near $600.

Next 2 weeks

$555.67$613.52

Support $555.67, resistance $613.52; structural levels.

Key Levels

Max pain pins: $605 (2026-06-10); $600 (2026-06-12); $600 (2026-06-15)

EM guardrails: 2d $574.82/$594.37; 1w $564.22/$604.97

Support: $555.67

Resistance: $605.00 · $613.52

Structural: Support $555.67, resistance $605 and $613.52. Max pain pins at $605 (Jun10), $600 (Jun12 & Jun15). EM guardrails: 2d $574.82/$594.37, 1w $564.22/$604.97.

Dealer Positioning (GEX/DEX)

GEX: $+6.2M

DEX: +63.5M shares

Gamma flip: N/A

NTM gamma: GEX +6.2M (positive), dealers long gamma providing pinning. DEX +63.5M shares, overall long exposure.

IV Analysis

IV vs VIX: Ticker IV likely rich vs VIX ~20 given high vol regime; premium reflects event risk.

Term structure: Expect contango with kinks around event dates (Jun10, Jun12, Jun15) as uncertainty declines post-event.

Skew: Put skew elevated; selling out-of-the-money puts may capitalize on pinning if bullish on support.

Flow Analysis

Net premium: Net premium -$5.2M with P/C vol ratio 0.64; bearish bias from put buying outweighs call buying.

Directional prints: 30.1 call 600 OTM 2026-06-10 — Vol 21,284 vs OI 1,343 (15.8x); likely sold given net premium negative, bearish positioning. 30.9 put 570 OTM 2026-06-10 — Vol 7,243 vs OI 575 (12.6x); OTM put buying, bearish hedge or speculative short. 32.4 put 592.5 ITM 2026-06-10 — Vol 2,033 vs OI 112 (18.1x); ITM put buying, bearish sentiment; likely opening.

Unusual: 29.8 call 597.5 OTM 2026-06-10 — Vol/OI 25.7x (6,615 vs 257); extreme ratio, OTM call activity likely sold given net premium negative. 29.7 call 595 OTM 2026-06-10 — Vol/OI 24.0x (8,898 vs 371); very high, OTM calls likely sold, aligning with bearish bias. 29.2 put 575 OTM 2026-06-10 — Vol/OI 18.9x (6,041 vs 320); OTM put buying, bearish hedge.

Risks & Catalysts

!Vol spike if spot breaks support $555.67.

!Gamma flip risk if dealer hedging reverses on sharp move.

!Event compression risk if volatility contracts faster than expected.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bear put spread	Moderate-Weak	Buy 2026-06-26 $592.50/$570.00 put spread Why now: Net premium negative, bearish flow; bear put spread captures defined risk downside with support zone at 580.	Vol spike if spot breaks support; gamma flip risk on sharp move. Liquidity constraints: long_put: Open interest below 25.
Put credit spread	Moderate	Sell 2026-07-02 $565.00/$545.00 put spread Why now: Bias neutral over 1-2 weeks; high IV beneficial for premium sale; defined risk below 560 support.	Unexpected bearish breakout below support; vol contraction may reduce premium.

Top Plays

Neutral Put Credit Spread

Sell 2026-07-02 $565.00/$545.00 put spread

Sell put spread below support to collect premium with defined risk.

Why this play: Matches neutral 1-2 week bias and high IV favors premium selling.

Credit: $4.63-$5.67

Max loss: $14.33

BE: $559.33

Mgmt: Close if spot breaks below 555.67 invalidation.

Range traders expecting pinning near max pain.

Bearish Put Spread

Buy 2026-06-26 $592.50/$570.00 put spread

Buy put spread to profit from downside toward support zone.

Why this play: Captures bearish flow and net premium negative, but liquidity not passed.

Debit: $9.41-$11.50

Max loss: $11.50

BE: $581.00

Mgmt: Exit if spot rises above 605 invalidation. Liquidity warning: Liquidity constraints: long_put: Open interest below 25.

Bearish traders comfortable with lower liquidity.

Watchlist Triggers

Entry Triggers

IFIF spot holds above $555.67 support → THEN sell 2026-07-02 $565/$545 put credit spread targeting $5.15 credit

IFIF spot breaks below $570 and holds → THEN buy 2026-06-26 $592.5/$570 bear put spread near $10.45 (liquidity caution)

Exit Triggers

EXITIF spot breaks below $555.67 → THEN close put credit spread for max loss $14.33

EXITIF spot rises above $605 → THEN exit bear put spread to cap loss

Tactical Summary

Near-term bearish bias but neutral 1-2 weeks. Support $555.67, resistance $605/$613.52. High IV favors premium selling via put credit spread. Bear put spread viable if breakdown but liquidity poor.

How to Use These Reports

This directional reflects the market close on June 9, 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.