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META

Meta Platforms, Inc.Close $577.22EOD only
Max Pain
$580.00
Next expiry Jun 22, 2026
Expected Move
±$10.93
1.9% from close
Price Gap
+2.78
Distance to max pain
IV Rank
100
High premium
P/C OI
0.44
Slightly call-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
META Earnings Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

41d to Jul29 earnings; 0DTE pin $588; call OI wall above. 80% beat rate bullish but IV elevated.

Confidence:
6.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.7% from MP; +1 VIX 16
Most important: 0DTE heavy call vol at $577.5/$580/$575; max pain pin. Watch breakout from $559-$595.
📞0DTE $580C vol 37.5k vs OI 2.7k, heavy buying.
🛡️Net premium -$66.6M, put premium leads.
📊80% beat rate historically bullish.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-29 (41 days)explicit

Expected moves:

  • 2026-06-22 (4d): ±$10.93 (1.9%)
  • 2026-06-24 (6d): ±$17.60 (3.0%)
  • 2026-06-26 (8d): ±$22.18 (3.8%)

IV Setup

Term structure: Front month low IV (<10%); weekly pre-earnings IV ~18-26% annualized; Jul/Aug earnings straddle higher.

Crush estimate: Post-earnings IV crush 50-70% typical.

Skew: Put skew elevated on Aug21 $505P (IV 39.7%); calls active at high strikes.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: 80% beat rate; avg move roughly inline with implied.

Directional bias: Slight bullish bias due to beat rate and call flow.

Key Levels

1EM guardrails: 1w $559.62/$594.82
2Max pain pins: $588 (2026-06-18); $580 (2026-06-22); $575 (2026-06-24)

Flow Highlights

Net premium -$66.6M; put/call vol 0.64.

Put premium dominates despite high call vol, suggesting hedging.

0DTE $580C vol 37.5k vs OI 2.7k.

Aggressive call buying near max pain, pinning action.

Strategies

Iron Condor
Sell 2026-06-26 $547.50/$545.00 put wing and $587.50/$590.00 call wing
Credit: $1.10-$1.34
Max loss: $1.16
Max gain: $1.34
BE: 546.16 / 588.84
Trigger: Close before earnings or at 50% max profit. Adjust if break of wings.
Best given 41d to earnings, elevated IV, and 50-70% crush. Max pain pin at $588 limits upside/downside. High probability of decay.
Outperforms: Sells wings around max pain; profits from IV crush and price staying within range.
Underperforms: Move outside short strikes invalidates range thesis.
Long Strangle
Buy 2026-08-21 $540.00 put + buy $650.00 call
Debit: $33.05-$40.40
Max loss: $40.40
Max gain: Unlimited
BE: 499.60 / 690.40
Trigger: Hold through earnings; exit on IV spike or set stop-loss at 50% loss.
Lower cost than straddle, benefits from large earnings move. 80% beat rate supports upside, but 41d time premium is high.
Outperforms: Buys OTM put and call to capture large move with limited cost.
Underperforms: Insufficient realized move reduces long-strangle edge.
Long Straddle
Buy 2026-08-21 $590.00 put + buy $590.00 call
Debit: $70.65-$86.35
Max loss: $86.35
Max gain: Unlimited
BE: 503.65 / 676.35
Trigger: Close before IV crush or set profit target at 50% of max. Limit loss to premium paid.
Profits from any large move, but cost is high due to time to earnings. 80% beat rate helps, but IV crush and decay are risks.
Outperforms: Buys ATM put and call to profit from large move either direction.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Gamma pinning at $588 may cap upside.
!Large call OI at $700+ implies resistance.
!Earnings 41d out; IV crush post-event.

What to Watch

?Max pain $588 expiry pin.
?Unusual put activity at $565 (Jun22).
?VIX at 16.4; monitor vol expansion.
How to Use These Reports
This earnings reflects the market close on June 18, 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.