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META

Meta Platforms, Inc.Close $550.25EOD only

Max Pain

$560.00

Next expiry Jun 29, 2026

Expected Move

±$10.15

1.8% from close

Price Gap

+9.75

Distance to max pain

IV Rank

Low premium

P/C OI

0.42

Slightly call-heavy

Consensus

6.5/10

Range bias

Published snapshot: Jun 26, 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 26, 2026 close

META Directional Report

Analysis based on market close June 29, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

META trades above max pain ($552) with positive dealer gamma ($64M) providing pinning support. Normal vol and mixed flow suggest gradual upside, but resistance near $597 from 2-week range cap. Near-term bullish bias within $549-$576 range, targeting $565-$576.

Confidence:

6.5 / 10

Base 5 from net neutral; +1 for GEX pinning support; +0.5 for spot near MP; +1 for VIX moderate at 18; -1 for mixed flow conflicting; resulting 6.5.

Supports: Positive dealer gamma ($64M), spot above max pain ($552), normal vol, tech sector rally (QQQ +2.5%)
Conflicts: Mixed flow (calls and puts), resistance at $597 from 2-week range high, VIX at 18 not extremely low

📈Spot above max pain $552 with $64M positive gamma — pinning supports near-term upside

⚠️Mixed flow volume suggests indecision: 48% put vs 52% call premium ratio

🎯Key resistance at $597 (2-week high) aligns with dealer hedging target

Regime Classification

Vol Regime

Normal

Normal relative to own history; slightly elevated vs low VIX but not extreme.

Gamma Regime

Pinning

Pinning — total gamma +$64M positive, near max pain $552, no flip risk within 30%.

Flow Regime

Mixed

Mixed — call and put premium nearly balanced, no strong directional conviction.

Spot vs Max Pain

Above

Above — spot at $568.11, 2.9% above max pain $552, suggesting bullish sentiment.

Thesis duration: Multi-week — Structural positive gamma and lack of flip risk support extended timeframe.

Price Range Forecast

Next 2 days

$549.07$576.12

Capped by 2d high $576.12, possibly test $565-$570

Next 1 week

$542.65$582.55

Test mid-range $560-$570 with resistance at $582

Next 2 weeks

$527.72$597.47

Range-bound with upside bias, resistance $597 likely holds unless catalyst

Key Levels

Max pain pins: $552 (2026-06-29); $552 (2026-07-01); $565 (2026-07-02)

EM guardrails: 2d $549.07/$576.12; 1w $542.65/$582.55

Support: $552.50 · $527.72

Resistance: $597.47

Structural: Max pain pins: $552 (6/29, 7/1), $565 (7/2). EM guardrails: 2d $549-$576, 1w $543-$583. Support $552.5, $527.7. Resistance $597.5.

Dealer Positioning (GEX/DEX)

GEX: $+64.0M

DEX: +57.2M shares

Gamma flip: N/A

NTM gamma: Dealer net long gamma +$64M, positive delta +57.2M shares; no gamma flip risk within 30% of spot — pinning likely near max pain.

IV Analysis

IV vs VIX: IV elevated vs VIX (~18) but in line with META's typical vol; rich vs VIX, but not extreme.

Term structure: Short-term flat to slightly contango; no event kinks.

Skew: Put skew elevated; consider call spreads or outright calls for upside.

Flow Analysis

Net premium: Net premium negative at -$29.5M, driven by aggressive put buying; P/C volume ratio 0.49 suggests bearish tilt despite higher call volume.

Directional prints: 12.3 put 565 ITM 2026-06-29 — Vol/OI 127x; new put buying at OTM strike with low IV. Bought; bearish. 8.9 put 562.5 OTM 2026-06-29 — Vol/OI 100x; new put buying at OTM strike with low IV. Bought; bearish.

Unusual: 12.3 put 565 ITM 2026-06-29 — Vol/OI 127x; new put buying at OTM strike with low IV. Bought; bearish. 8.9 put 562.5 OTM 2026-06-29 — Vol/OI 100x; new put buying at OTM strike with low IV. Bought; bearish. 5.6 put 560 OTM 2026-06-29 — Vol/OI 76x; new put buying at OTM strike with low IV. Bought; bearish.

Risks & Catalysts

!Break below $552 max pain

!Surge in VIX above 20

!Negative flow reversal

!Resistance at $597 holds

!Earnings or macro event not shown

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate	Sell 2026-07-31 $550.00/$540.00 put spread Why now: Sell put premium at strike with high IV; defined risk below support.	Max loss if META drops below $540; vol expansion hurts short put.
Bull call spread	Moderate	Buy 2026-07-31 $560.00/$575.00 call spread Why now: Low cost with resistance near $576; suitable for range-bound rally.	Max loss if META stays below $560; time decay hurts.
Long call	Moderate-Weak	Buy 2026-07-31 $565.00 call Why now: Positive dealer gamma and support at $552; cheap IV relative to history.	Total loss of premium if META reverses; time decay if stagnant.

Top Plays

Bull Call Spread

Buy 2026-07-31 $560.00/$575.00 call spread

Buy $560/$575 call spread for Dec 31 exp.

Why this play: Best fits bullish range-bound thesis with defined risk and low cost.

Debit: $6.19-$7.56

Max loss: $7.56

BE: $567.56

Mgmt: Close at 50% profit near $576 resistance.

Traders expecting gradual upside to $576.

Put Credit Spread

Sell 2026-07-31 $550.00/$540.00 put spread

Sell $550/$540 put spread for Dec 31 exp.

Why this play: Collects premium above support with defined risk.

Credit: $3.60-$4.40

Max loss: $5.60

BE: $545.60

Mgmt: Roll if stock approaches $552.5.

Income-focused traders comfortable with bullish bias.

Long Call

Buy 2026-07-31 $565.00 call

Buy $565 call for Dec 31 exp.

Why this play: High upside potential but higher cost; less preferred given limited rally expectations.

Debit: $26.21-$32.04

Max loss: $32.04

BE: $597.04

Mgmt: Set stop loss at $552.5.

Aggressive traders seeking unlimited upside.

Watchlist Triggers

Entry Triggers

IFMETA holds above $552.5 and price between $555 and $565 → Enter bull call spread: buy $560/$575 call spread for Jul 31 expiry

IFMETA holds above $552.5 and price between $555 and $565 → Enter put credit spread: sell $550/$540 put spread for Jul 31 expiry

Adjustment Triggers

ADJMETA reaches $576 resistance and stalls → Close bull call spread and put credit spread for profit

Exit Triggers

EXITMETA closes below $552.5 → Exit all positions immediately

Tactical Summary

Bullish bias within $549-$576 range. Enter bull call spread or put credit spread on strength above $552.5. Exit all if $552.5 breaks. Take profit near $576.

How to Use These Reports

This directional reflects the market close on June 29, 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.