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META

Meta Platforms, Inc.Close $605.06EOD only
Max Pain
$605.00
Next expiry May 22, 2026
Expected Move
±$12.50
2.1% from close
Price Gap
-0.06
Distance to max pain
IV Rank
32
Middle-high premium
P/C OI
0.46
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: May 20, 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 20, 2026 close
META Earnings Report
Analysis based on market close May 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

META earnings Jul 29; 80% beat rate; bullish flow near $605 pin.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.0% from MP; +1 VIX 17
Most important: Heavy call volume near max pain suggests near-term bullish positioning ahead of weekly expiration.
📊80% beat rate but current flow is near-term, not earnings-related.
⚠️Heavy 0DTE call buying with low IV may be closing positions.

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 15,197 (17.4% below spot)

Earnings Overview

Next earnings: 2026-07-29 (70 days)explicit

Expected moves:

  • 2026-05-22 (2d): ±$12.50 (2.1%)
  • 2026-05-26 (6d): ±$16.75 (2.8%)
  • 2026-05-27 (7d): ±$18.78 (3.1%)

IV Setup

Term structure: Descending: 2d IV ~28% ann., 6d ~22% ann.; earnings far so no near-term crush.

Crush estimate: 70d out; no immediate crush; IV to rise approaching earnings.

Skew: Call-heavy: put/call OI ratio 0.46; short-term skew favors calls; put floor at $500.

Historical Context

Beat rate: 80% (4/5 quarters)

Directional bias: 80% beat rate over 5 quarters supports upside bias.

Key Levels

1$500.00 gamma flip
2EM guardrails: 2d $592.56/$617.56; 1w $588.31/$621.81
3Max pain pins: $605 (2026-05-20); $605 (2026-05-22); $605 (2026-05-26)

Flow Highlights

Massive 0DTE call volume on 602.5, 610, 605 strikes; vol/OI >12x.

Speculative bullish positioning; likely targeting pin near $605 max pain.

Strategies

Iron Condor on META
Sell 2026-05-22 $590.00/$585.00 put wing and $620.00/$625.00 call wing
Credit: $1.08-$1.32
Max loss: $3.68
Max gain: $1.32
BE: 588.68 / 621.32
Trigger: Close at 50% max gain or before earnings if IV rises.
Only eligible candidate; high IV sale with descending term structure and max-pin near $605.
Outperforms: Sell $590/$585 put and $620/$625 call wings May 22, capturing IV premium.
Underperforms: Move outside short strikes invalidates range thesis.

Risk Assessment

!Gamma flip at $500 could accelerate downside.
!Earnings far; current flow not predictive of earnings move.
!High call OI may lead to rapid unwinding.

What to Watch

?Max pain $605 pin action.
?Open interest concentration at $605 calls.
?VIX 17 market volatility.
How to Use These Reports
This earnings reflects the market close on May 20, 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.