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META

Meta Platforms, Inc.Close $607.38EOD only
Max Pain
$605.00
Next expiry May 22, 2026
Expected Move
±$8.30
1.4% from close
Price Gap
-2.38
Distance to max pain
IV Rank
35
Middle-high premium
P/C OI
0.45
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: May 21, 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 21, 2026 close
META Earnings Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Strong bullish flow with high confidence (9/10); next earnings July 29, IV modest, gamma pinning near $602.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.3% from MP; +1 VIX 17
Most important: Flow heavily skewed bullish; put OI floor at $500 supports upside.
🚀+$57mm net premium, call volume 2.4x puts.
⚠️Gamma pin $602 with put OI floor at $500.
📊80% beat rate, avg post-earnings drift +2.5%.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$500.00 — Approx — based on put OI concentration of 15,282 (18.1% below spot)

Earnings Overview

Next earnings: 2026-07-29 (68 days)explicit

Expected moves:

  • 2026-05-26 (4d): ±$9.07 (1.5%)
  • 2026-05-27 (5d): ±$12.65 (2.1%)
  • 2026-05-29 (7d): ±$17.60 (2.9%)

IV Setup

Term structure: Front-end IV 27% (7d), back-month 25-30%.

Crush estimate: Post-earnings crush ~10-15 pts but far out; current IV not elevated.

Skew: Put/call OI ratio 0.45; call-heavy, low put demand.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: 80% beat rate; avg move 4.2% vs 3.5% expected.

Directional bias: Bullish bias after beats; positive drift.

Key Levels

1$500.00 gamma flip
2EM guardrails: 1w $597.61/$622.91
3Max pain pins: $602 (2026-05-22); $602 (2026-05-26); $600 (2026-05-27)

Flow Highlights

Massive 30k volume on 0DTE $612.50 call near expiration; aggressive ITM call buying.

Betting on pre-earnings momentum or upside hedging.

Strategies

Iron Condor
Sell 2026-05-29 $600.00/$587.50 put wing and $625.00/$635.00 call wing
Credit: $3.87-$4.72
Max loss: $7.78
Max gain: $4.72
BE: 595.28 / 629.72
Trigger: Close if breaching either short strike or before earnings expiry.
Defined risk, gamma pinning, OI support; suits bullish bias.
Outperforms: Sells wings around $602 pin, earns premium.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle
Sell 2026-05-29 $587.50 put + sell $625.00 call
Credit: $5.09-$6.22
Max loss: Unlimited
Max gain: $6.22
BE: 581.28 / 631.22
Trigger: Set stop-loss at 2x credit; roll if breach.
Higher credit, but unlimited loss; pinning favors.
Outperforms: Sells out-of-money put and call, profits from pinning.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Earnings 68 days out; macro uncertainty.
!High IV in weekly options may decay quickly.
!Gamma pinning at $602 could cause volatility.

What to Watch

?Next week max pain: $602 to $600.
?VIX at 17; spike above 20 shifts regime.
?Unusual option activity rising into earnings.
How to Use These Reports
This earnings reflects the market close on May 22, 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.