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META

Meta Platforms, Inc.Close $602.61EOD only
Max Pain
$607.50
Next expiry May 20, 2026
Expected Move
±$8.00
1.3% from close
Price Gap
+4.89
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
0.46
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: May 19, 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
May 19, 2026 close
META Earnings Report
Analysis based on market close May 19, 2026
DirectionalTheta GangFlowEarningsConsensus

Consensus-supported lens with chain history and key metrics in the rail.

Earnings Verdict

Bullish flow, gamma pinning near $608 MP. VIX 18, normal vol. No earnings catalyst. Range-bound with upside bias.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.8% from MP; +0.5 VIX 18
Most important: Call OI wall $700-$900 caps upside; put floor $500-$500 provides support. Spot at $607.5 near max pain.
📌Gamma pinning near max pain $608; spot $607.5.
🛡️Put floor $500-$500 strong support; call wall $700-$900.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
At
Gamma flip: ~$500.00 — Approx — based on put OI concentration of 15,255 (17.0% below spot)

Earnings Overview

Next earnings: 2026-07-29 (71 days)explicit

Expected moves:

  • 2026-05-20 (1d): ±$8.00 (1.3%)
  • 2026-05-22 (3d): ±$15.18 (2.5%)
  • 2026-05-26 (7d): ±$9.05 (1.5%)

IV Setup

Term structure: Front-end IV ~24%, back-end flat. 1d move ±1.3%, 7d ±1.5%.

Crush estimate: No earnings crush; IV decay normal per expiration.

Skew: Put skew elevated at 612.5 (IV 33.5%); overall balanced.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not applicable (no earnings). Historical beat rate 80% (4/5).

Directional bias: Historically bullish post-earnings, but irrelevant now.

Key Levels

1$500.00 gamma flip
2EM guardrails: 2d $594.61/$610.61; 1w $593.56/$611.66
3Max pain pins: $608 (2026-05-20); $610 (2026-05-22); $605 (2026-05-26)

Flow Highlights

Unusual call volume: 605C vol/OI 25.9x, 620C 11.8x. Heavy put buying at 587.5P vol/OI 22.1x.

Aggressive call buying bullish; defensive puts at 587.5 as tail hedge.

Strategies

Range-Bound Iron Condor
Sell 2026-05-29 $585.00/$572.50 put wing and $620.00/$632.50 call wing
Credit: $4.77-$5.83
Max loss: $6.67
Max gain: $5.83
BE: 579.17 / 625.83
Trigger: Close if spot breaches $585 or $620; manage gamma near expiry.
Captures elevated front-end IV with defined risk, aligned with range-bound bias and support/resistance levels.
Outperforms: Sells put/call wings around spot to profit from minimal movement.
Underperforms: Move outside short strikes invalidates range thesis.
Time Decay Call Calendar
Sell 2026-05-29 $620.00 call / buy 2026-06-18 $620.00 call
Debit: $8.15-$9.96
Max loss: $9.96
Max gain: Variable
BE: Path-dependent
Trigger: Adjust rolls if spot moves below $570; monitor IV changes.
Exploits flat term structure; benefits from time decay while maintaining long call exposure.
Outperforms: Sells short-term $620 call, buys longer-term to collect premium decay.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Gamma flip if spot breaks below $600 (put floor).
!VIX spike risk from macro selloff.
!Call OI wall $700+ limits upside without catalyst.

What to Watch

?Spot holding above $600 support.
?605C open interest growth.
?VIX trend and market correlation.
How to Use These Reports
This earnings reflects the market close on May 19, 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.