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META

Meta Platforms, Inc.Close $603.00EOD only
Max Pain
$600.00
Next expiry May 13, 2026
Expected Move
±$8.25
1.4% from close
Price Gap
-3.00
Distance to max pain
IV Rank
67
High premium
P/C OI
0.47
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: May 12, 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 12, 2026 close
META Earnings Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

META near-term expiration with heavy bullish flow, pinning near $600-$605, high IV crush post-expiration.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 18
Most important: Dominant call buying at $615-$620, put wall at $600, max pain at $600.
📈48.9k vol on $620 call (OI 3.3k) suggests upside conviction.
⚠️Put vols subdued; $610 and $615 puts traded near zero IV.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$600.00 — Approx — based on put OI concentration of 15,709 (2.7% below spot)

Earnings Overview

Next earnings: 2026-07-29 (77 days)explicit

Expected moves:

  • 2026-05-15 (2d): ±$12.48 (2.0%)
  • 2026-05-18 (5d): ±$16.55 (2.7%)
  • 2026-05-20 (7d): ±$20.80 (3.4%)

IV Setup

Term structure: Front-end elevated, back-end lower; 2d ±2%, 5d ±2.7%.

Crush estimate: Significant IV crush after expiration due to short-dated options.

Skew: Put skew steep below $600, calls elevated above $620.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: N/A (non-earnings expiration)

Directional bias: N/A

Key Levels

1$600.00 gamma flip
2EM guardrails: 2d $604.16/$629.11; 1w $600.08/$633.18
3Max pain pins: $600 (2026-05-13); $605 (2026-05-15); $608 (2026-05-18)

Flow Highlights

Massive call buying: 48.9k vol on $620 call, 41.2k on $615 call, 26.1k on $617.5 call; puts also active at $610 and $615.

Aggressive call accumulation indicates strong bullish sentiment into expiration.

Strategies

Iron Condor 600/620
Sell 2026-05-22 $600.00/$595.00 put wing and $620.00/$625.00 call wing
Credit: $2.99-$3.66
Max loss: $1.34
Max gain: $3.66
BE: 596.34 / 623.66
Trigger: Close at 50% profit or expiry.
Direct pinning play with defined risk, suits expected range and IV crush.
Outperforms: Sells 600P and 620C to collect premium near walls.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle 600/620
Sell 2026-05-22 $600.00 put + sell $620.00 call
Credit: $14.92-$18.23
Max loss: Unlimited
Max gain: $18.23
BE: 581.77 / 638.23
Trigger: Roll if spot nears shorts.
Higher premium but unlimited risk, aggressive theta play.
Outperforms: Sells naked 600P and 620C betting on pinning.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Call Calendar 620
Sell 2026-05-22 $620.00 call / buy 2026-06-18 $620.00 call
Debit: $11.54-$14.11
Max loss: $14.11
Max gain: Variable
BE: Path-dependent
Trigger: Exit if spot hits 620.
Benefits from front IV decay and term structure if spot stays below 620.
Outperforms: Sells front 620C, buys back 620C.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Gamma pinning risk; heavy call OI at 620 may cap upside. Put floor at 600.

What to Watch

?Max pain $600, gamma flip at $600, call wall at $620, spot above EM guardrails.
How to Use These Reports
This earnings reflects the market close on May 13, 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.