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META

Meta Platforms, Inc.Close $542.87EOD only

Max Pain

$570.00

Next expiry Jun 26, 2026

Expected Move

±$9.32

1.7% from close

Price Gap

+27.13

Distance to max pain

IV Rank

Low premium

P/C OI

0.43

Slightly call-heavy

Consensus

6.5/10

Bearish tilt

Published snapshot: Jun 25, 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 25, 2026 close

META Directional Report

Analysis based on market close June 26, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

META is pinning near max pain $555 with positive dealer gamma ($31.3M) and spot at MP, suggesting tight range-bound action. Mixed flow and market weakness introduce caution, but gamma support maintains near-term stability. Slight bullish bias within $540-560 em guardrails, though high vol warrants reduced size.

Confidence:

6.5 / 10

Base 5; +1 GEX positive (pinning); +1 spot 0.9% from MP; +0.5 VIX 18; -1 GEX/flow contradict; net 6.5. Mixed flow and market drag cap upside.

Supports: Positive GEX $31.3M; spot at MP $555; max pain pin $555; 2d em guardrails $540.10-$560.40.
Conflicts: SPY -0.72%, QQQ -1.38%; mixed flow; high vol indicates uncertainty; no gamma flip but resistance at $555 and $579.

📌Max pain $555 pinning with spot at MP, $31.3M positive gamma supports.

⚠️Market down (QQQ -1.4%) and mixed flow cap upside; high vol adds caution.

📊Vol high but GEX positive; range likely $540-560 next 2 days.

Regime Classification

Vol Regime

High

High vol setting (VIX 18.4, ticker elevated) indicating heightened uncertainty and premium pricing suitable for defined risk.

Gamma Regime

Pinning

Positive gamma $31.3M, pinning price near $555 max pain; no nearby flip, supporting stability in the session.

Flow Regime

Mixed

Mixed net premium flow, recent puts and calls balancing, not strongly directional.

Spot vs Max Pain

Spot at max pain $555, exactly at the equilibrium level, increasing pin probability.

Thesis duration: Event-specific — Expiration today (2026-06-26) with max pain pin, positive gamma near expiry makes this an event-specific pinning regime.

Price Range Forecast

Next 2 days

$540.10$560.40

Expiration today removes gamma floor; range widens to $533-567 (1w em) without pin support.

Next 1 week

$533.02$567.48

Range $533-567, no strong catalyst; market trend key.

Next 2 weeks

$521.15$579.35

Broader range $521-579; if no catalyst, drift lower with market.

Key Levels

Max pain pins: $555 (2026-06-26); $560 (2026-06-29); $560 (2026-07-01)

EM guardrails: 2d $540.10/$560.40; 1w $533.02/$567.48

Support: $521.15

Resistance: $555.00 · $579.35

Structural: Support $521.15 (structural floor), resistance $555 (max pain/pin) and $579.35 (2wk high). 2d em $540.10/$560.40, 1w $533.02/$567.48.

Dealer Positioning (GEX/DEX)

GEX: $+31.3M

DEX: +56.7M shares

Gamma flip: N/A

NTM gamma: Positive gamma $31.3M, DEX +56.7M shares; dealers net long, providing support near pin. No gamma flip proximity.

IV Analysis

IV vs VIX: Ticker IV elevated relative to VIX 18.4, indicating event premium from expiration; rich for at-the-money options.

Term structure: Likely contango into next week; front-end elevated due to event, later expiries lower.

Skew: Skew slightly negative (puts pricier); potential to sell at-the-money strangles near pin for theta decay.

Flow Analysis

Net premium: Net premium -$122M indicates net selling; put/call volume ratio 0.73 shows call volume dominance but overall bearish flow.

Directional prints: 23.5 put 545 OTM 2026-06-29 — Vol/OI 19.4, 3687 vs 190; likely bought for downside hedge, but could be sold; preferred read bearish. 5.4 call 552.5 OTM 2026-06-26 — Vol/OI 18.0, 19242 vs 1071; likely bought as speculation, but could be sold; preferred read bullish lottery. 8.2 call 555 OTM 2026-06-26 — Vol/OI 17.9, 22385 vs 1251; similar to 552.5 call; likely bought, bullish but low premium.

Unusual: 23.5 put 545 OTM 2026-06-29 — Highest vol/OI 19.4; put buying for downside protection; notable volume. 5.4 call 552.5 OTM 2026-06-26 — Vol/OI 18.0; extreme call volume on OTM strike; unusual spec activity. 41.6 put 552.5 ITM 2026-06-26 — Vol/OI 16.7 with high IV 41.6; put activity at unusual levels; could be hedging or directional.

Risks & Catalysts

!Market sell-off (QQQ weakness) could break pin and push below $540.

!Gamma decay after expiration removes support, leading to directional move.

!IV crush from current high levels reduces option premiums.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate-Weak	Sell 2026-07-31 $510.00/$460.00 put spread Why now: Dealer gamma supports $540-560 range; selling put spread captures theta with defined risk.	Market sell-off below $540 or IV expansion post-earnings. Liquidity constraints: long_put: Wide spread (55%).
Iron condor	Moderate-Weak	Sell 2026-07-31 $520.00/$480.00 put wing and $605.00/$650.00 call wing Why now: Strong gamma support at $540-560 and high IV provide attractive premium for neutral play.	Break beyond wings due to unexpected earnings move. Liquidity constraints: long_put: Wide spread (50%).

Top Plays

Put Credit Spread

Sell 2026-07-31 $510.00/$460.00 put spread

Sell put spread to capture theta decay within $540-560 range.

Why this play: Aligns with slight bullish bias and gamma support; defined risk.

Credit: $7.92-$9.68

Max loss: $40.32

BE: $500.32

Mgmt: Exit if META breaks below $521 invalidation level. Liquidity warning: Liquidity constraints: long_put: Wide spread (55%).

Slightly bullish traders seeking defined risk.

Iron Condor

Sell 2026-07-31 $520.00/$480.00 put wing and $605.00/$650.00 call wing

Sell wings to collect premium while price stays within $520-$605.

Why this play: Exploits elevated IV in range-bound conditions.

Credit: $14.29-$17.46

Max loss: $27.54

BE: 502.54 / 622.46

Mgmt: Adjust or close if price nears wing strikes. Liquidity warning: Liquidity constraints: long_put: Wide spread (50%).

Neutral traders comfortable with wide range.

Watchlist Triggers

Entry Triggers

IFMETA holds above $540 support (2d EM) → Sell 2026-07-31 $510/$460 put spread for 7.92-9.68 credit

IFMETA trades between $540 and $560 (max pain pin) → Sell 2026-07-31 $520/$480 put wing and $605/$650 call wing for 14.29-17.46 credit

Exit Triggers

EXITMETA breaks below $521.15 support → Exit put credit spread to limit loss

EXITMETA breaks below $520 or above $605 → Exit iron condor to avoid directional risk

Tactical Summary

META pins near max pain $555 with dealer gamma support. Range-bound $540-560 expected. Slight bullish bias but neutral near term. Key support $521.15, resistance $555/$579.35. High IV favors premium selling. Use defined-risk spreads like put credit spread or iron condor. Exit on break of $521.15 or $520/$605 boundaries.

How to Use These Reports

This directional reflects the market close on June 26, 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.