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META

Meta Platforms, Inc.Close $600.21EOD only
Max Pain
$587.50
Next expiry Jun 17, 2026
Expected Move
±$9.55
1.6% from close
Price Gap
-12.71
Distance to max pain
IV Rank
100
High premium
P/C OI
0.46
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 16, 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 16, 2026 close
META Earnings Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

META near-term flow: massive 0DTE call buying but spot below max pain ($590) and negative net premium suggest hedging. Long-term bullish with call wall $700-$800; 80% beat rate supports upside.

Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 3.8% from MP; +0.5 VIX 18
Most important: 0DTE call gamma and max pain $590 anchor near-term; watch pin action.
🚨Massive 0DTE call buying at $582.5-$590; vol/OI >60; bullish positioning.
⚠️Net premium -$1.26B despite calls; flow mixed with hedging.
🌩️VIX 18.4; elevated volatility adds uncertainty.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-29 (42 days)explicit

Expected moves:

  • 2026-06-18 (1d): ±$10.93 (1.9%)
  • 2026-06-22 (5d): ±$16.72 (2.9%)
  • 2026-06-24 (7d): ±$21.50 (3.8%)

IV Setup

Term structure: Front-end elevated (0DTE); longer-dated elevated (VIX 18).

Crush estimate: Earnings crush not imminent; near-term IV decays after 0DTE.

Skew: Put skew elevated; call buying on 0DTE bullish.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: 80% beat rate; average move exceeded expected in 3/5.

Directional bias: Slight bullish bias from beat rate.

Key Levels

1EM guardrails: 2d $556.66/$578.51; 1w $550.86/$584.31
2Max pain pins: $590 (2026-06-17); $600 (2026-06-18); $590 (2026-06-22)

Flow Highlights

Massive 0DTE call buying at $582.5-$590; vol/OI >60; puts at $572.5-$577.5.

Dealers long gamma; puts indicate hedging; net premium negative.

Strategies

Short Strangle
Sell 2026-07-02 $570.00 put + sell $592.50 call
Credit: $21.91-$26.79
Max loss: Unlimited
Max gain: $26.79
BE: 543.21 / 619.29
Trigger: Monitor pin action at $590; adjust strikes if max pain shifts.
Captures expected pin near $590; 0DTE gamma supports range.
Outperforms: Sell OTM put and call to collect premium with high probability of range-bound move.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Call Calendar
Sell 2026-06-26 $590.00 call / buy 2026-07-24 $590.00 call
Debit: $10.82-$13.23
Max loss: $13.23
Max gain: Variable
BE: Path-dependent
Trigger: Roll if underlying approaches short strike; watch IV decay.
Front-end IV elevated; slight bullish bias favors back-month call.
Outperforms: Sell near-term call, buy later-dated call to profit from term structure.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Long Straddle
Buy 2026-08-21 $580.00 put + buy $580.00 call
Debit: $70.88-$86.62
Max loss: $86.62
Max gain: Unlimited
BE: 493.38 / 666.62
Trigger: Manage gamma; close post-earnings to avoid crush.
80% beat rate and elevated IV justify convex position ahead of earnings.
Outperforms: Buy at-the-money put and call to profit from large move.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Gamma squeeze risk from 0DTE calls if spot rallies.
!Pin risk at $590 max pain; high VIX amplifies swings.

What to Watch

?0DTE expiration and $590 pin action.
?Max pain shift to $600 tomorrow.
How to Use These Reports
This earnings reflects the market close on June 17, 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.