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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 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

META earnings July 29; 37 days out; 80% beat rate. Near-term max pain pins at $575-$585. High 0DTE activity suggests tight pinning. Regime: high vol, positive gamma.

Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 VIX 17
Most important: 0DTE unusual flow suggests spot pinned near $575; earnings IV still building.
🔍0DTE flow skewed to calls near max pain; indicates short-term bullish bias with tight hedging.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-29 (37 days)explicit

Expected moves:

  • 2026-06-24 (2d): ±$13.23 (2.3%)
  • 2026-06-26 (4d): ±$18.93 (3.4%)
  • 2026-06-29 (7d): ±$21.48 (3.8%)

IV Setup

Term structure: Near-term (1w) IV rising from 2.3% to 3.8% moves; earnings 37d out likely elevated.

Crush estimate: Typical post-earnings IV crush ~50-60%.

Skew: Call OI wall above $625; puts light below $555.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not deterministic; beat rate high but move varies.

Directional bias: Typically upward post-earnings given beat rate.

Key Levels

1EM guardrails: 2d $550.62/$577.07; 1w $542.37/$585.32
2Max pain pins: $578 (2026-06-22); $575 (2026-06-24); $585 (2026-06-26)

Flow Highlights

High vol/oi ratio on 0DTE $565 calls (134x OI) and $562.50 puts (53x).

Active pinning near $575 max pain; speculative day trades.

Strategies

Iron Condor
Sell 2026-07-24 $570.00/$540.00 put wing and $580.00/$585.00 call wing
Credit: $13.30-$16.25
Max loss: $13.75
Max gain: $16.25
BE: 553.75 / 596.25
Trigger: Close at 50% max profit or before earnings if IV spikes.
Best risk/reward for range-bound earnings with defined risk and high IV.
Outperforms: Sells puts and calls around max pain to capture elevated premium.
Underperforms: Move outside short strikes invalidates range thesis.
Call Calendar
Sell 2026-07-17 $580.00 call / buy 2026-07-31 $580.00 call
Debit: $10.80-$13.20
Max loss: $13.20
Max gain: Variable
BE: Path-dependent
Trigger: Exit near earnings or if underlying moves above short strike.
Captures steep term structure: sell pre-earnings vol, buy post-earnings vol.
Outperforms: Sells short-term call, buys longer-term call to profit from vol decline.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short Strangle
Sell 2026-07-17 $550.00 put + sell $585.00 call
Credit: $23.47-$28.68
Max loss: Unlimited
Max gain: $28.68
BE: 521.32 / 613.68
Trigger: Set stop loss or roll if spot approaches strikes; close before earnings.
High premium from elevated IV with range-bound view.
Outperforms: Sells OTM put and call to collect premium; unlimited tail risk.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Long strangle
Buy 2026-06-26 $530.00 put + buy $577.50 call
Debit: $4.89-$5.97
Max loss: $5.97
Max gain: Unlimited
BE: 524.03 / 583.47
Lower premium than straddle; fits expected 3.8% move.
Outperforms: Cheaper long-vol structure for earnings.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!0DTE gamma flip if spot breaks $550 or $580.
!Earnings gap risk vs expected move ~3.8% weekly.

What to Watch

?Spot action vs $575 max pain.
?Open interest buildup in weeklys July 29.
?VIX trend and macro context.
How to Use These Reports
This earnings reflects the market close on June 22, 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.