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META

Meta Platforms, Inc.Close $562.20EOD only

Max Pain

$570.00

Next expiry Jun 24, 2026

Expected Move

±$8.90

1.6% from close

Price Gap

+7.80

Distance to max pain

IV Rank

Low premium

P/C OI

0.44

Slightly call-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Jun 23, 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 23, 2026 close

META Directional Report

Analysis based on market close June 24, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias targeting max pain $565 by OPEX, supported by straddle gamma and spot below MP. High vol regime amplifies pinning.

Confidence:

8 / 10

Base 5; +2 GEX/flow aligned; +0.5 spot 1.3% from MP; +0.5 VIX 19. Net 8.

Supports: Dealer net gamma negative despite long DEX; spot below max pain, high vol, strong GEX alignment.
Conflicts: Flow mixed, negative GEX $4M, resistance at $565.

🎯Max pain $565 in play on OPEX; spot $557.

⚡High vol with trending gamma; moves amplify.

🛡️Support $525.47 holds; break risks downside.

Regime Classification

Vol Regime

High

IV elevated vs typical range; high vol on OPEX expiration.

Gamma Regime

Trending

Trending gamma; negative GEX -$4M but high DEX +57.9M shares; no flip risk.

Flow Regime

Mixed

Net premium mixed; cautious hedging implied by P/C ratio.

Spot vs Max Pain

Below

Spot $557, ~1.3% below $565 max pain; pinning pressure on OPEX.

Thesis duration: Event-specific — OPEX today creates event-specific dynamics; post-OPEX vol compression expected.

Price Range Forecast

Next 2 days

$543.84$571.49

Push to $565 max pain; support $543.84.

Next 1 week

$540.19$575.14

Range $540-575; OPEX first, then drift.

Next 2 weeks

$525.47$589.87

Lower support $525 if resistance fails.

Key Levels

Max pain pins: $565 (2026-06-24); $578 (2026-06-26); $570 (2026-06-29)

EM guardrails: 2d $543.84/$571.49; 1w $540.19/$575.14

Support: $525.47

Resistance: $565.00 · $589.87

Structural: Max pain $565 near-term; support $525.47, resistance $589.87. EM guardrails $543.84/$571.49 for 2d.

Dealer Positioning (GEX/DEX)

GEX: $-4.0M

DEX: +57.9M shares

Gamma flip: N/A

NTM gamma: GEX -$4M (negative gamma), DEX +57.9M shares (long gamma). Net short gamma amplifies spot moves.

IV Analysis

IV vs VIX: META IV rich vs VIX 18.6, reflecting OPEX uncertainty.

Term structure: Front-end elevated on OPEX; back-end in contango, normal.

Skew: Put skew elevated; sell puts near $525 support for premium.

Flow Analysis

Net premium: Net -$137M, P/C vol 0.67 indicating dominant call selling, bearish.

Directional prints: 7.4 call 562.5 OTM 2026-06-24 — Vol/OI 44.3x, last $0.01. Suggests aggressive call selling, bearish. 5.4 call 560 OTM 2026-06-24 — Vol/OI 30.3x, last $0.03. Likely sold, reinforcing bearish call flow. 5.1 put 557.5 OTM 2026-06-24 — Vol/OI 23.6x, last $0.42. Possible put buying, bearish.

Unusual: 7.4 call 562.5 OTM 2026-06-24 — Vol/OI 44.3x, extremely elevated relative to OI. 5.4 call 560 OTM 2026-06-24 — Vol/OI 30.3x, significantly above normal. 5.1 put 557.5 OTM 2026-06-24 — Vol/OI 23.6x, high but less extreme than calls.

Risks & Catalysts

!Failure to hold support $525.47 triggers deeper selloff.

!Vol crush post-OPEX reduces premium advantage.

!Bearish flow shift pushes spot below gamma flip.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-07-31 $565.00/$580.00 call spread Why now: Max pain pinning at 565 supports upside; high vol favors spreads.	Upside capped; vol decline reduces profit potential.
Long call	Moderate	Buy 2026-07-31 $610.00 call Why now: High vol amplifies gamma; delta upside potential.	Theta decay and vol crush post-earnings.
Put credit spread	Moderate	Sell 2026-07-31 $500.00/$495.00 put spread Why now: Flow bearish but thesis bullish; sell put spread at key support.	If support breaks, losses mount quickly.

Top Plays

Bull Call Spread

Buy 2026-07-31 $565.00/$580.00 call spread

Buy $565/$580 call spread to capture upside to max pain with limited capital at risk.

Why this play: Aligns with bullish thesis and max pain pinning at $565; high vol favors spreads; defined risk mitigates bearish flow.

Debit: $5.47-$6.68

Max loss: $6.68

BE: $571.68

Mgmt: Exit at OPEX or if spot breaks below $525.47 invalidation.

Traders seeking bullish exposure with defined risk in high vol regime.

Put Credit Spread

Sell 2026-07-31 $500.00/$495.00 put spread

Sell $500/$495 put spread to collect premium, expecting support to hold.

Why this play: Defensive bullish play at key support; generates premium while respecting bearish flow.

Credit: $0.88-$1.07

Max loss: $3.93

BE: $498.93

Mgmt: Roll down if spot approaches $525; close at OPEX.

Traders wanting bullish income with downside protection.

Long Call

Buy 2026-07-31 $610.00 call

Buy $610 call for leveraged upside, but faces headwinds from call selling flow.

Why this play: High gamma potential but bearish flow and high premium make it risky; lowest rank.

Debit: $12.26-$14.99

Max loss: $14.99

BE: $624.99

Mgmt: Set stop at $525; consider early exit if vol drops.

Aggressive traders accepting high risk for unlimited upside.

Watchlist Triggers

Entry Triggers

IFSpot bounces off $543.84 support with bullish momentum → Enter meta_bull_call_001 at mid entry price $6.08

IFSpot holds above $525.47 and consolidates in $525.47-$565 range → Enter meta_put_credit_003 at mid credit $0.97

Exit Triggers

EXITSpot closes below $525.47 → Exit all bullish positions immediately

Tactical Summary

Bullish thesis targeting max pain $565 by Jul 31 OPEX. Key support $525.47, resistance $565/$589.87. EM guardrails: 2d support $543.84, resistance $571.49. High vol favors spreads. Risks: support failure, vol crush, bearish flow. Top play: bull call spread $565/$580.

How to Use These Reports

This directional reflects the market close on June 24, 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.