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META

Meta Platforms, Inc.Close $584.59EOD only
Max Pain
$605.00
Next expiry Jun 10, 2026
Expected Move
±$9.78
1.7% from close
Price Gap
+20.41
Distance to max pain
IV Rank
82
High premium
P/C OI
0.47
Slightly call-heavy
Consensus
5.0/10
Range bias
Published snapshot: Jun 9, 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 9, 2026 close
META Earnings Report
Analysis based on market close June 9, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

META 50d from earnings; near-term gamma pinning at $600-605; call OI wall at $700-800.

Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 3.4% from MP; +0.5 VIX 20
Most important: Watch near-term pinning and $600 level; earnings far out.
📌Max pain $600-$605 pinning this week
🔥High vol/OI at $592.5-$605 calls: bullish positioning
⚠️Net premium -$5.2M despite heavy call volume

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Below

Earnings Overview

Next earnings: 2026-07-29 (50 days)explicit

Expected moves:

  • 2026-06-10 (1d): ±$9.77 (1.7%)
  • 2026-06-12 (3d): ±$17.27 (3.0%)
  • 2026-06-15 (6d): ±$20.38 (3.5%)

IV Setup

Term structure: Near-term IV ~30% (elevated); earnings-term likely lower.

Crush estimate: No immediate crush; post-earnings crush ~50%.

Skew: Minimal put/call skew.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: 80% beat rate; avg move vs exp N/A

Directional bias: Historically bullish after beats.

Key Levels

1EM guardrails: 2d $574.82/$594.37; 1w $564.22/$604.97
2Max pain pins: $605 (2026-06-10); $600 (2026-06-12); $600 (2026-06-15)

Flow Highlights

Massive call buying at $592.5-$605 weekly strikes, vol/OI up to 25x.

Aggressive bullish positioning.

Put buying at $570-$582.5 hedging downside.

Balanced risk, call volume dominant.

Strategies

Iron Condor Pinning Play
Sell 2026-06-18 $590.00/$580.00 put wing and $605.00/$607.50 call wing
Credit: $5.33-$6.52
Max loss: $3.48
Max gain: $6.52
BE: 583.48 / 611.52
Trigger: Close at 50% max gain or before earnings.
Best for near-term pinning at $600-605 with elevated IV and defined risk.
Outperforms: Sells out-of-the-money put and call wings to capture time decay in a pinned range.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle Theta Harvest
Sell 2026-06-26 $590.00 put + sell $605.00 call
Credit: $26.59-$32.51
Max loss: Unlimited
Max gain: $32.51
BE: 557.49 / 637.51
Trigger: Roll if tested; close ahead of earnings.
High IV and moderate expected move; higher premium but unlimited tail risk.
Outperforms: Sells put and call strikes wider than IC for greater premium.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Call Diagonal Bullish
Sell 2026-06-18 $605.00 call / buy 2026-07-17 $600.00 call
Debit: $12.69-$15.51
Max loss: $15.51
Max gain: Variable
BE: Path-dependent
Trigger: Monitor spot; adjust if above $605.
Term structure favors front month sale; bullish bias with limited loss.
Outperforms: Sells near-term call, buys later expiration call to profit from theta decay and directional move.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Gamma pinning near $600-$605; spot below max pain.
!Call wall at $700-$800 caps long-term upside.

What to Watch

?Near-term expiration pinning.
?Earnings 2026-07-29: guidance and AI CapEx.
How to Use These Reports
This earnings reflects the market close on June 9, 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.