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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 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias with gamma pinning to max pain at $578, spot below. High vol regime and mixed flow add caution but GEX positive supports near-term upside to EM guardrails. Trade structured as range-bound drift.

Confidence:

6 / 10

Base 5; -1 GEX/flow contradict; +1 GEX positive pinning; +1 VIX 17. Net 6.

Supports: GEX pinning, VIX 17, spot below max pain, EM guardrails upside targets.
Conflicts: Mixed flow, high vol, upside resistance at $577.5.

📌Gamma pinning to $578 max pain

📉Mixed flow weakens bullish conviction

📊VIX 17 supports elevated premium

Regime Classification

Vol Regime

High

High vol regime; IV elevated vs VIX 17.28.

Gamma Regime

Pinning

Pinning; GEX +$8.7M, no flip within 30%.

Flow Regime

Mixed

Mixed; net premium context uncertain, P/C ratio moderate.

Spot vs Max Pain

Below

Below max pain; upside potential to $578.

Thesis duration: Event-specific — Multiple expiries this week (6/22,6/24,6/26) with pinning gamma; event-driven.

Price Range Forecast

Next 2 days

$550.62$577.07

Spot below max pain, GEX pinning to $578, EM guardrail $577.07 upside.

Next 1 week

$542.37$585.32

Max pain $575 (6/24) and $585 (6/26); support $542.37.

Next 2 weeks

$529.22$598.47

Wider range $529-598; resistance $598.47, support $529.22.

Key Levels

Max pain pins: $578 (2026-06-22); $575 (2026-06-24); $585 (2026-06-26)

EM guardrails: 2d $550.62/$577.07; 1w $542.37/$585.32

Support: $529.22

Resistance: $577.50 · $598.47

Structural: Max pain $578 (6/22), $575 (6/24), $585 (6/26); EM guardrails 2d $550.62/$577.07, 1w $542.37/$585.32; support $529.22, resistance $577.5, $598.47.

Dealer Positioning (GEX/DEX)

GEX: $+8.7M

DEX: +57.4M shares

Gamma flip: N/A

NTM gamma: GEX +$8.7M, DEX +57.4M shares; no gamma flip within 30%.

IV Analysis

IV vs VIX: IV rich vs VIX (17.28) per high vol regime.

Term structure: Contango near event; short-term elevated.

Skew: Skew neutral; no structural vol arb visible.

Flow Analysis

Net premium: Net premium negative $57.7M; P/C vol ratio 0.60, OI ratio 0.44. Net selling with call dominance.

Directional prints: 4.7 call 565 OTM 2026-06-22 — Vol 17823 vs OI 133 (134x), IV 4.7. High volume suggests opening activity; net negative premium implies possible selling. 4.8 put 562.5 OTM 2026-06-22 — Vol 13964 vs OI 264 (52.9x), IV 4.8. Unusual put volume; could be hedging or bearish bet. 6.1 put 560 OTM 2026-06-22 — Vol 21110 vs OI 898 (23.5x), IV 6.1. High put activity; net selling context suggests possible put buying.

Unusual: 4.7 call 565 OTM 2026-06-22 — Vol 17823 vs OI 133 (134x), IV 4.7. Extreme vol/OI ratio; likely opening but net selling overall. 4.8 put 562.5 OTM 2026-06-22 — Vol 13964 vs OI 264 (52.9x), IV 4.8. High put volume; could be hedging or speculative. 12.5 put 555 OTM 2026-06-22 — Vol 16218 vs OI 371 (43.7x), IV 12.5. Deep OTM put; high relative volume indicates unusual interest.

Risks & Catalysts

!Failure to hold support $550.62

!Upside failure at $577.07 resistance

!Volatility contraction reduces premium

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate	Sell 2026-07-24 $540.00/$520.00 put spread Why now: Support at $550; high IV boosts premium. Flow shows call dominance, net selling.	Gap down through strikes if support fails; capped upside.
Bull call spread	Moderate-Strong	Buy 2026-07-24 $580.00/$595.00 call spread Why now: Positive GEX and call flow support near-term upside. Low cost for defined payoff.	Time decay if move delayed; resistance failure caps profit.
Long call	Moderate	Buy 2026-07-24 $585.00 call Why now: Earnings catalyst + bullish momentum. Limited downside with premium outlay.	IV crush and time decay if flat post-earnings.

Top Plays

Safe Theta Play

Sell 2026-07-24 $540.00/$520.00 put spread

Sell put credit spread to collect premium with support at $550, using high IV and call dominance.

Why this play: Best for high vol regime and mixed flow; defines risk and benefits from time decay.

Credit: $4.41-$5.39

Max loss: $14.61

BE: $534.61

Mgmt: Exit at 50% max gain or if spot breaches $529 invalidation.

Conservative traders seeking income and defined risk in range-bound conditions.

Cheap Upside

Buy 2026-07-24 $580.00/$595.00 call spread

Buy bull call spread to capture near-term upside to resistance within earnings timeframe.

Why this play: Low cost with defined payoff; aligned with positive GEX and call flow.

Debit: $4.61-$5.64

Max loss: $5.64

BE: $585.64

Mgmt: Target profit at expiration or if spot reaches $595; stop loss at $529.

Moderate traders wanting limited risk and upside exposure.

Aggressive Directional

Buy 2026-07-24 $585.00 call

Long call option to profit from upward move ahead of earnings.

Why this play: Highest reward but riskiest; suitable only for strong bullish conviction.

Debit: $14.27-$17.44

Max loss: $17.44

BE: $602.44

Mgmt: Manage delta; consider rolling on weakness; exit if spot falls below $529.

Aggressive traders comfortable with high premium and unlimited upside.

Watchlist Triggers

Entry Triggers

IFIF spot holds above $550.62 → THEN sell 2026-07-24 $540/$520 put credit spread for $4.41-$5.39 credit

IFIF spot breaks above $577.07 with volume → THEN buy 2026-07-24 $580/$595 bull call spread for $4.61-$5.64 debit

Exit Triggers

EXITIF spot closes below $529.22 → THEN exit all bullish positions

Tactical Summary

Bullish bias with gamma pinning near $578 max pain. Positive GEX supports drift to EM guardrails ($550-$577). Preferred strategy: put credit spread for income; bull call spread if breakout. Invalidation at $529.22.

How to Use These Reports

This directional reflects the market close on June 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.