thetaOwl
HomeOptionsMETAReports

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 5, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

80% beat rate, 54d to earnings. Near-term IV steep. Mixed flow: 0DTE calls vs next-week puts. Risk from tech selloff.

Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 3.6% from MP; +0.5 VIX 22
Most important: Heavy put buying 06/08-06/12 signals downside hedging; 0DTE calls expired worthless.
📉0DTE calls huge but expired worthless amid selloff.
⚠️Heavy next-week put buying with high IV implies downside risk.
📊Put volume surged; sentiment turning defensive.

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$500.00 — Approx — based on put OI concentration of 14,939 (15.7% below spot)

Earnings Overview

Next earnings: 2026-07-29 (54 days)explicit

Expected moves:

  • 2026-06-08 (3d): ±$15.08 (2.5%)
  • 2026-06-10 (5d): ±$22.62 (3.8%)
  • 2026-06-12 (7d): ±$25.95 (4.4%)

IV Setup

Term structure: Steep from 0DTE (10-30%) to 1-week (32-39%). Elevated due to selloff.

Crush estimate: N/A for earnings; near-term crush post-weekly.

Skew: Put skew elevated next week.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: N/A

Directional bias: N/A

Key Levels

1$500.00 gamma flip
2EM guardrails: 2d $577.92/$608.08; 1w $570.38/$615.62
3Max pain pins: $615 (2026-06-05); $615 (2026-06-08); $625 (2026-06-10)

Flow Highlights

0DTE call buying vol 7k+ on $595/$592.5/$590; vol/OI >15x. Likely expired worthless.

Speculative upside bets turning into losses.

Next-week put accumulation: 11k $580P (06/12), 6k $590P (06/08); bearish hedging.

Implied downside protection.

Strategies

Bear Put Spread on META
Buy 2026-08-21 $610.00/$590.00 put spread
Debit: $9.70-$11.85
Max loss: $11.85
Max gain: $8.15
BE: $598.15
Trigger: Exit if META rebounds above $615 invalidation; consider early close if OI shifts.
Large put OI near $580-$590 and tech selloff risk align with bearish setup; defined risk and high probability.
Outperforms: Buy $610/$590 put spread to profit from downside move below $590, capitalizing on put OI concentration and support breakdown.
Underperforms: Trade above resistance weakens downside thesis.
Long Straddle on META
Buy 2026-08-21 $600.00 put + buy $600.00 call
Debit: $77.89-$95.20
Max loss: $95.20
Max gain: Unlimited
BE: 504.80 / 695.20
Trigger: Monitor IV crush; exit if move is slow; adjust strikes if directional bias emerges.
Elevated near-term IV but moderate for 77 DTE; straddle captures large move if selloff accelerates or reversal occurs.
Outperforms: Buy $600 straddle to profit from significant price swing regardless of direction, leveraging high IV.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!QQQ -4.8% could drag META below support $559.77.
!Gamma flip near $500 from put OI concentration.
!Large put open interest expiring next week acts as magnet.

What to Watch

?QQQ/SPY price action for further weakness.
?Put OI at $580-$590 for next week; break below triggers gamma.
?Call resistance $615-$650 on rebound attempts.
How to Use These Reports
This earnings reflects the market close on June 5, 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.