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META

Meta Platforms, Inc.Close $577.22EOD only
Max Pain
$580.00
Next expiry Jun 22, 2026
Expected Move
±$10.93
1.9% from close
Price Gap
+2.78
Distance to max pain
IV Rank
100
High premium
P/C OI
0.44
Slightly call-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
META Directional Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Outlook

Bullish bias toward max pain $588 by week's end, supported by positive gamma pinning and low VIX, but capped by resistance at $587.5 and mixed flow.

Confidence:
6.5 / 10
Base 5: GEX/flow contradict -1, GEX positive pinning +1, spot 1.7% from MP +0.5, VIX 16 +1 => 6.5.
Supports: Positive gamma, proximity to max pain, low VIX, strong tech sector (+2.51% QQQ).
Conflicts: Mixed flow, resistance overhead at $587.5/$600, spot below MP.
📌Positive gamma $39.9M pins spot toward $588 max pain.
🎯Max pain $588 (Jun18) is nearest resistance and target.
⚠️Resistance $587.5 and $600 cap upside; mixed flow adds caution.

Regime Classification

Vol Regime
High
High vol: META IV elevated vs VIX 16.4, driven by tech rally and event risk near expiration.
Gamma Regime
Pinning
Pinning: GEX +$39.9M, positive gamma dominates; no flip risk within 30% below spot.
Flow Regime
Mixed
Mixed: Net premium is mixed with put/call imbalance not directional.
Spot vs Max Pain
Below
Spot 1.7% below max pain $588; pinning likely to pull spot toward $588.
Thesis duration: Event-specific — Max pain pins cluster around weekly expirations (Jun18,22,24); gamma decays after events.

Price Range Forecast

Next 1 week
$559.62$594.82
Drift toward max pain $588; range $559.62-$594.82.
Next 2 weeks
$547.32$607.12
Range $547.32-$607.12; max pain $580/$575 weigh.

Key Levels

Max pain pins: $588 (2026-06-18); $580 (2026-06-22); $575 (2026-06-24)
EM guardrails: 1w $559.62/$594.82
Support: $547.32
Resistance: $587.50 · $600.00 · $607.12
Structural: Max pain pins: $588 (Jun18), $580 (Jun22), $575 (Jun24). Support $547.32, resistance $587.5/$600/$607.12. 1w guardrails $559.62/$594.82.

Dealer Positioning (GEX/DEX)

GEX: $+39.9M

DEX: +61.4M shares

Gamma flip: N/A

NTM gamma: GEX +$39.9M, DEX +61.4M shares; positive gamma pinning near $588.

IV Analysis

IV vs VIX: IV elevated vs VIX 16.4, reflecting META-specific event risk and tech sector momentum.

Term structure: Term structure flat with slight kinks around weekly expirations, especially Jun18 and Jun22.

Skew: Skew neutral; no actionable arbitrage but long calls for gamma may capitalize on pinning.

Flow Analysis

Net premium: Net negative $66.7M premium, P/C volume 0.64, OI 0.44, bearish tilt.

Directional prints: 22.1 put 565 OTM 2026-06-22 — Vol/OI 17.8, 3517 vol vs 198 OI; likely bearish put buying, premium $1.34. 39.7 put 505 OTM 2026-08-21 — Vol/OI 10.6, 1562 vol vs 148 OI; long-dated put buying for downside protection.

Unusual: 6.9 call 577.5 OTM 2026-06-18 — Vol/OI 19.2, 22778 vol vs 1184 OI; extreme volume with low IV; could be bought or sold, but net bearish context suggests sold. 8.8 put 572.5 OTM 2026-06-18 — Vol/OI 14.5, 13409 vol vs 922 OI; cheap puts at $0.01, likely bought for hedging. 6.3 call 580 OTM 2026-06-18 — Vol/OI 13.7, 37523 vol vs 2734 OI; massive cheap call volume, likely sold as bearish spread.

Risks & Catalysts

!Failure to hold support $547.32.
!Resistance rejection at $587.5 or $600.
!Gamma flip if spot drops below major put concentration (unlikely).
!Volume decay after expirations reduces momentum.

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Bull call spreadModerate
Buy 2026-06-26 $585.00/$592.50 call spread
Why now: Bullish near-term but capped; bull call spread limits cost and defines risk while benefiting from gamma if spot moves toward 588.
Spot below long strike results in full loss; resistance at 587.5 may cap profit.
Put credit spreadModerate
Sell 2026-06-26 $555.00/$542.50 put spread
Why now: Bullish-neutral with low VIX; premium sale from put credit spread aligns with positive gamma pinning and support above 547.
Spot below short strike leads to max loss; tail risk from gap down, though gamma flips support above 547.

Top Plays

#1
Bull Call Spread
Buy 2026-06-26 $585.00/$592.50 call spread
Buy $585/$592.5 call spread for near-term upside to $588 resistance.
Why this play: Directly bullish, capped risk, benefits from gamma near max pain.
Debit: $2.16-$2.64
Max loss: $2.64
BE: $587.64
Mgmt: Exit if spot breaks below $547 support or above $592.5.
Traders seeking defined-risk bullish exposure with low VIX.
#2
Put Credit Spread
Sell 2026-06-26 $555.00/$542.50 put spread
Sell $555/$542.5 put spread to collect premium above support.
Why this play: Bullish-neutral premium sale, aligns with positive gamma pinning.
Credit: $1.43-$1.75
Max loss: $10.75
BE: $553.25
Mgmt: Close if spot drops below $547 or IV spikes.
Traders expecting sideways to slightly up price action.

Watchlist Triggers

Entry Triggers
IFIF META > $585.00 and holds above for 30 min → Buy 2026-06-26 $585/$592.5 call spread at limit $2.64
IFIF META > $555.00 and holds above for 30 min → Sell 2026-06-26 $555/$542.5 put spread at limit $1.75
Exit Triggers
EXITIF META < $547.32 → Close both bull call spread and put credit spread positions
EXITIF META >= $592.50 → Close bull call spread to lock max profit

Tactical Summary

Bullish bias toward max pain $588; low VIX supports premium selling. Key support $547.32, resistance $587.5/$600. Enter bull call spread above $585 or put credit spread above $555. Exit if spot breaches $547. Take profit on bull call at $592.5.
How to Use These Reports
This directional reflects the market close on June 18, 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.

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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.