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META

Meta Platforms, Inc.Close $593.48EOD only
Max Pain
$577.50
Next expiry Jun 17, 2026
Expected Move
±$13.72
2.3% from close
Price Gap
-15.98
Distance to max pain
IV Rank
100
High premium
P/C OI
0.47
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 15, 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 15, 2026 close
META Earnings Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

META setup bullish with heavy call flow, gamma pinning above $600, and 80% beat rate. Earnings in 43 days keep long-term options relatively cheap.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 16
Most important: Massive call buying at $600-$620 strikes indicates institutional accumulation; near-term max pain supports spot above $600.
🔥Net call premium $260M; PCR 0.36 – bullish flow.
📊Max pain $588, spot ~$600 above – support expected.
⚠️Earnings 7/29; long IV exposure with time decay risk.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above

Earnings Overview

Next earnings: 2026-07-29 (43 days)explicit

Expected moves:

  • 2026-06-17 (1d): ±$9.55 (1.6%)
  • 2026-06-18 (2d): ±$14.43 (2.4%)
  • 2026-06-22 (6d): ±$18.60 (3.1%)

IV Setup

Term structure: Near-term elevated (1d ±1.6%), longer-term moderate (VIX 16)

Crush estimate: Earnings far out; moderate crush expected post-event (~10-15% IV drop)

Skew: Call skew elevated due to heavy call OI; puts relatively cheap.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: 80% beat rate; moves often exceed implied, avg +2.1% vs expected.

Directional bias: Bullish bias from high beat rate and positive flow.

Key Levels

1EM guardrails: 2d $590.66/$609.76; 1w $581.61/$618.81
2Max pain pins: $588 (2026-06-17); $600 (2026-06-18); $585 (2026-06-22)

Flow Highlights

Unusual call volume: 22,928 contracts at $620 strike (vol/OI 37x)

Aggressive upside speculation; likely institutional positioning for earnings.

Net call premium $260M; put/call volume ratio 0.35

Strong bullish conviction relative to puts.

Strategies

Bull Call Spread
Buy 2026-07-24 $645.00/$650.00 call spread
Debit: $1.15-$1.40
Max loss: $1.40
Max gain: $3.60
BE: $646.40
Trigger: Enter ~$1.30; exit below $587.50 or before earnings if IV spikes.
Direct bullish play leveraging 80% beat rate and institutional call flow. Limited risk, high probability.
Outperforms: Buy $645/$650 call spread, max gain $3.6, max loss $1.4.
Underperforms: Loss of support weakens upside continuation thesis.
Long Strangle
Buy 2026-07-24 $565.00 put + buy $655.00 call
Debit: $17.89-$21.86
Max loss: $21.86
Max gain: Unlimited
BE: 543.14 / 676.86
Trigger: Enter ~$20; hold through earnings; exit if move materializes.
Cheaper way to capture outsized moves META often delivers; wider strikes reduce cost.
Outperforms: Buy $565 put and $655 call; unlimited upside, limited loss.
Underperforms: Insufficient realized move reduces long-strangle edge.
Long Straddle
Buy 2026-07-24 $605.00 put + buy $605.00 call
Debit: $46.84-$57.26
Max loss: $57.26
Max gain: Unlimited
BE: 547.74 / 662.26
Trigger: Enter ~$50; account for time decay; exit after earnings or at 50% loss.
Pure volatility play; META's moves often exceed implied, but expensive.
Outperforms: Buy $605 put and call; ATM, unlimited gain.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Short-term gamma risk: heavy call OI near $600 may cause pinning.
!Earnings in 43 days: long exposure to time decay and volatility crush.
!Market correlation: if tech selloff continues, calls could decay rapidly.

What to Watch

?$600 and $620 call OI walls for breakout or rejection.
?Pre-earnings guidance or analyst upgrades.
?Put/call volume ratio for sentiment shift.
How to Use These Reports
This earnings reflects the market close on June 16, 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.