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META

Meta Platforms, Inc.Close $616.63EOD only
Max Pain
$605.00
Next expiry May 15, 2026
Expected Move
±$12.47
2.0% from close
Price Gap
-11.63
Distance to max pain
IV Rank
76
High premium
P/C OI
0.47
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: May 13, 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 13, 2026 close
META Earnings Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

META bullish flow strong; next earnings Jul 29 (76d away). High confidence reflects current momentum, not earnings.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 17
Most important: Call volume surges at $625, $617.5 strikes; OI accumulation suggests bullish positioning.
📈Heavy call flow at $625 and $617.5; bullish momentum.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$600.00 — Approx — based on put OI concentration of 16,865 (3.0% below spot)

Earnings Overview

Next earnings: 2026-07-29 (76 days)explicit

Expected moves:

  • 2026-05-15 (1d): ±$9.03 (1.5%)
  • 2026-05-18 (4d): ±$13.32 (2.2%)
  • 2026-05-20 (6d): ±$19.30 (3.1%)

IV Setup

Term structure: Upward sloping: 1d ±1.5%, 6d ±3.1%; earnings IV not priced yet.

Crush estimate: N/A - no near-term earnings event.

Skew: Elevated put IV on far OTM strikes ($710 put IV 72.3%) indicates tail hedging.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Historical data: 80% beat rate, but avg move magnitude not specified.

Directional bias: Strongly bullish given flow and GEX pinning.

Key Levels

1$600.00 gamma flip
2EM guardrails: 2d $609.40/$627.45; 1w $599.13/$637.73
3Max pain pins: $605 (2026-05-15); $605 (2026-05-18); $600 (2026-05-20)

Flow Highlights

Large call volume at META $625 strike (29k vs 4.6k OI).

Aggressive bullish positioning; short-dated call buying.

Strategies

Call Diagonal
Sell 2026-05-22 $640.00 call / buy 2026-06-26 $600.00 call
Debit: $30.04-$36.71
Max loss: $36.71
Max gain: Variable
BE: Path-dependent
Trigger: Exit if price breaks below $605 support.
Best directional play due to strong bullish flow and term structure.
Outperforms: Buys upside exposure with lower cost via back-month call, sells near-term resistance.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short Strangle
Sell 2026-05-22 $595.00 put + sell $642.50 call
Credit: $6.75-$8.25
Max loss: Unlimited
Max gain: $8.25
BE: 586.75 / 650.75
Trigger: Adjust strikes if price nears invalidation; monitor support/resistance.
Captures time premium with defined risk, supported by gamma flip at $600 and call wall at $649.2.
Outperforms: Sells OTM put and call around expected range.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Call Calendar
Sell 2026-05-22 $630.00 call / buy 2026-06-26 $630.00 call
Debit: $13.66-$16.69
Max loss: $16.69
Max gain: Variable
BE: Path-dependent
Trigger: Close if IV moves unfavorably or price breaks support.
Leverages upward sloping IV and near-term decay; less directional than diagonal.
Outperforms: Sells near-term call, buys same strike back-month call to capture volatility crush.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Gamma flip at $600 (put OI concentration).
!Far OTM put activity suggests downside hedging.

What to Watch

?$605 max pain; $600 support.
?$649.2 resistance; $700-$900 call wall.
How to Use These Reports
This earnings reflects the market close on May 14, 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.