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META

Meta Platforms, Inc.Close $627.57EOD only
Max Pain
$612.50
Next expiry Jun 5, 2026
Expected Move
±$9.75
1.6% from close
Price Gap
-15.07
Distance to max pain
IV Rank
62
High premium
P/C OI
0.46
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 4, 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
Jun 4, 2026 close
META Earnings Report
Analysis based on market close June 4, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

META 55 days from earnings; bullish flow base but near-term heavy put buying signals hedging.

Confidence:
0 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 15
Most important: Heavy put volume on June 5 and June 10 expirations suggests downside protection.
⚠️High vol/OI on June 5 $637.5 put (11.2k vol vs 206 OI).

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 14,914 (20.3% below spot)

Earnings Overview

Next earnings: 2026-07-29 (55 days)explicit

Expected moves:

  • 2026-06-05 (1d): ±$9.75 (1.6%)
  • 2026-06-08 (4d): ±$14.65 (2.3%)
  • 2026-06-10 (6d): ±$20.62 (3.3%)

IV Setup

Term structure: Upward sloping; near-dated elevated due to put activity.

Crush estimate: N/A (earnings 55 days out)

Skew: Put skew elevated on June 5/10; call skew flat.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not applicable (far from earnings)

Directional bias: Slightly bullish (80% beat rate)

Key Levels

1$500.00 gamma flip
2EM guardrails: 2d $617.82/$637.32; 1w $606.95/$648.20
3Max pain pins: $612 (2026-06-05); $610 (2026-06-08); $622 (2026-06-10)

Flow Highlights

Unusual put buying on June 5 $637.5 put (vol/OI 54.6) and others.

Hedging or bearish sentiment near term; potential support at put strikes.

Strategies

Iron Condor
Sell 2026-06-26 $605.00/$600.00 put wing and $660.00/$665.00 call wing
Credit: $2.48-$3.03
Max loss: $1.97
Max gain: $3.03
BE: 601.97 / 663.03
Trigger: Exit at 50% max gain or at expiration.
Near-term vol elevated from put hedging; captures premium with capped risk.
Outperforms: Profits if META stays in 600-660 range.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle
Sell 2026-06-26 $590.00 put + sell $680.00 call
Credit: $10.24-$12.51
Max loss: Unlimited
Max gain: $12.51
BE: 577.49 / 692.51
Trigger: Set alerts at strikes; roll/close if breached.
Higher credit but unlimited tail risk; benefits from theta decay.
Outperforms: Profits if META stays between 590-680.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Bull Call Spread
Buy 2026-08-21 $660.00/$665.00 call spread
Debit: $1.53-$1.87
Max loss: $1.87
Max gain: $3.13
BE: $661.87
Trigger: Exit at target or if invalidates below 612.5.
Cheap defined-risk upside play on 80% beat rate.
Outperforms: Buy 660/665 call spread for bullish drift.
Underperforms: Loss of support weakens upside continuation thesis.
Long strangle
Buy 2026-08-21 $590.00 put + buy $710.00 call
Debit: $39.87-$48.73
Max loss: $48.73
Max gain: Unlimited
BE: 541.27 / 758.73
Affordable way to play large move; put volume supports downside.
Outperforms: Cheap long vol for earnings; OTM wings.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Heavy put OI below spot provides a support floor.
!Gamma flip at $500 is far below current price, not an immediate risk.

What to Watch

?Sustained put volume on near-dated expirations.
?Max pain levels ($612 June 5) as potential pin zones.
How to Use These Reports
This earnings reflects the market close on June 4, 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.