Home Options METAReports

META

Meta Platforms, Inc.Close $593.48EOD only

Max Pain

$577.50

Next expiry Jun 17, 2026

Expected Move

±$13.72

2.3% from close

Price Gap

-15.98

Distance to max pain

IV Rank

100

High premium

P/C OI

0.47

Slightly call-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

META Directional Report

Analysis based on market close June 16, 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 dealer gamma long $102M, bullish flow, and spot above max pain. Macro headwinds from QQQ weakness are a moderate conflict but confidence remains high at 9.

Confidence:

9 / 10

Strong GEX/flow alignment (+2) and positive gamma pinning (+1) drive high base confidence of 5 plus VIX tailwind (+1).

Supports: Bullish flow, positive gamma, spot above max pain, normal vol.
Conflicts: QQQ -1.9% macro weakness, potential profit-taking at $600.

🔵Bullish flow net premium positive, dealer long gamma $102M.

🟢Gamma pinning near $588-$600 max pain, spot above.

⚠️QQQ down 1.9% poses macro risk, but META resilient.

Regime Classification

Vol Regime

Normal

IV normal vs historical range, no extreme pricing.

Gamma Regime

Pinning

Gamma pinning at $588, $600, $585 max pain; dealer long gamma.

Flow Regime

Bullish

Flow bullish with net premium positive, calls favored.

Spot vs Max Pain

Above

Spot above max pain, supports bullish pin action.

Thesis duration: Multi-week — Pinning and bullish flow sustain upward drift beyond event horizon.

Price Range Forecast

Next 2 days

$590.66$609.76

Target $609.76 resistance, pin @ $600.

Next 1 week

$581.61$618.81

Aim $618.81 if QQQ recovers, support $581.61.

Next 2 weeks

$570.26$630.16

Potential to test $630.16 resistance.

Key Levels

Max pain pins: $588 (2026-06-17); $600 (2026-06-18); $585 (2026-06-22)

EM guardrails: 2d $590.66/$609.76; 1w $581.61/$618.81

Support: $587.50 · $570.26

Resistance: $630.16

Structural: Max pain pins: $588 (6/17), $600 (6/18), $585 (6/22). EM guardrails: 2d $590.66/$609.76, 1w $581.61/$618.81. Support $587.5, $570.26. Resistance $630.16.

Dealer Positioning (GEX/DEX)

GEX: $+102.1M

DEX: +61.7M shares

Gamma flip: N/A

NTM gamma: Dealer gamma long +$102.1M, delta long +61.7M shares; no gamma flip within 30% below spot.

IV Analysis

IV vs VIX: META IV near VIX, no premium; normal pricing.

Term structure: Flat across expiries, minimal event kinks.

Skew: Call skew slightly elevated; put skniw cheap; opportunity in put calendar spreads.

Flow Analysis

Net premium: Net premium +260M, put/call vol ratio 0.36, strong bullish flows.

Directional prints: 27.9 call 600 ITM 2026-06-17 — Vol/OI 14.2, 25.9k vol, suggests heavy call buying, bullish. 29 call 615 OTM 2026-06-17 — Vol/OI 10.3, 8.1k vol, call accumulation, bullish.

Unusual: 30.2 call 620 OTM 2026-06-17 — Vol/OI 37, extreme ratio, likely bought calls, aggressive upside bet. 28 call 605 OTM 2026-06-17 — Vol/OI 24.5, unusual call volume, bullish. 28.5 put 597.5 OTM 2026-06-17 — Vol/OI 20.5, unusual put activity, possibly hedging.

Risks & Catalysts

!QQQ -1.9% macro weakness may pressure META.

!Profit-taking at $600 resistance could stall upside.

!Gamma flip if spot breaks below $570 support.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Strong	Buy 2026-08-21 $580.00/$600.00 call spread Why now: Fits bullish bias, dealer gamma support, heavy call flow.	Capped upside if rally stalls; theta decay if flat.
Bullish risk reversal	Moderate-Strong	Buy 2026-08-21 $600.00 call / sell 2026-08-21 $580.00 put Why now: Captures earnings drift with limited premium outlay.	Short put obligates buy at strike if drop; undefined upside cap.
Long call	Moderate	Buy 2026-08-21 $600.00 call Why now: Highest convexity; aligns with strong bullish flow and gamma.	Time decay accelerates; volatility crush post-earnings.

Top Plays

Aggressive Call Buy

Buy 2026-08-21 $600.00 call

Buy $600 call for unlimited upside on earnings drift.

Why this play: Highest convexity, aligns with heavy call flow and gamma support.

Debit: $38.27-$46.78

Max loss: $46.78

BE: $646.78

Mgmt: Sell at $620 resistance or 50% gain; exit if spot below $570.

Aggressive traders seeking max leverage.

Bull Call Spread

Buy 2026-08-21 $580.00/$600.00 call spread

Buy $580/$600 call spread for limited cost and gain.

Why this play: Defined risk, fits bullish bias with dealer support.

Debit: $9.45-$11.55

Max loss: $11.55

BE: $591.55

Mgmt: Exit at expiration or if spot drops below $587.5.

Moderate bullish traders limiting risk.

Bullish Risk Reversal

Buy 2026-08-21 $600.00 call / sell 2026-08-21 $580.00 put

Buy call, sell put for zero cost upside.

Why this play: Captures earnings drift with reduced premium.

Debit: $12.85-$15.70

Max loss: $580.00

BE: $580.00

Mgmt: Close if spot breaks $587.5 or put strike at risk.

Traders expecting steady uptrend.

Watchlist Triggers

Entry Triggers

IFIF spot holds above $587.5 support with bullish momentum → THEN buy $600 call (lc1), $580/$600 bull call spread (bs1), or bullish risk reversal (rr1)

Exit Triggers

EXITIF spot closes below $587.5 → THEN exit all bullish positions (lc1, bs1, rr1)

EXITIF spot reaches $630 resistance or lc1 gains 50% → THEN take partial profit on lc1, hold spreads to expiration

Tactical Summary

Bullish bias to $630, support $587.5. Enter on hold above $587.5 or break above $600. Invalidation below $587.5. Core: defined-risk bs1, aggressive lc1. Exit near resistance or before 7/29 earnings.

How to Use These Reports

This directional reflects the market close on June 16, 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.