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META

Meta Platforms, Inc.Close $563.85EOD only
Max Pain
$575.00
Next expiry Jun 24, 2026
Expected Move
±$13.22
2.4% from close
Price Gap
+11.15
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.44
Slightly call-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 22, 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 22, 2026 close
META Earnings Report
Analysis based on market close June 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

META earnings 36 days away, 80% beat rate, mixed flow, gamma pinning at $570.

Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.4% from MP; +0.5 VIX 19
Most important: Gamma pin at $570 conflicts with bearish macro; breakdown below $553 risk.
📈Call volume spike at $570 suggests pin anticipation but net negative premium cautious.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-29 (36 days)explicit

Expected moves:

  • 2026-06-24 (1d): ±$8.90 (1.6%)
  • 2026-06-26 (3d): ±$16.47 (2.9%)
  • 2026-06-29 (6d): ±$19.28 (3.4%)

IV Setup

Term structure: Steep, near-term IV ~28%, long-dated elevated.

Crush estimate: Post-earnings crush ~50%.

Skew: Call skew elevated with unusual volume; put demand balanced.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Typically moves in line with expected.

Directional bias: Bullish given 80% beat rate.

Key Levels

1EM guardrails: 2d $553.30/$571.10; 1w $542.93/$581.48
2Max pain pins: $570 (2026-06-24); $580 (2026-06-26); $572 (2026-06-29)

Flow Highlights

Large call buys at $570 and $567.5 for 06/24 expiry (vol/OI >15).

Positioning for pin or bullish bias near max pain $570.

Strategies

Call Calendar
Sell 2026-06-26 $570.00 call / buy 2026-07-02 $570.00 call
Debit: $3.67-$4.48
Max loss: $4.48
Max gain: Variable
BE: Path-dependent
Trigger: Close if QQQ recovers or META breaks below $553; adjust strikes if gamma flips.
Steep term structure and 80% beat rate favor upside; near-term IV 28% makes short leg rich.
Outperforms: Sell 6/26 $570 call, buy 7/2 $570 call to profit from expiring short premium and vol contraction.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Iron Condor
Sell 2026-06-26 $530.00/$520.00 put wing and $570.00/$575.00 call wing
Credit: $1.68-$2.06
Max loss: $7.94
Max gain: $2.06
BE: 527.94 / 572.06
Trigger: Exit early if META tests $553 or $592; widen wings if IV shrinks.
Gamma pin at $570 and typical contained post-earnings move support premium selling.
Outperforms: Sell $530/$520 put spread and $570/$575 call spread. Max gain $2.06, risk $7.94.
Underperforms: Move outside short strikes invalidates range thesis.
Long straddle
Buy 2026-07-31 $570.00 put + buy $570.00 call
Debit: $56.88-$69.52
Max loss: $69.52
Max gain: Unlimited
BE: 500.48 / 639.52
Gamma pin at $570 and steep term structure make vol cheap relative to potential move.
Outperforms: Buy straddle ATM at $570 to capture earnings move; 80% beat rate but bearish macro creates tension.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Bearish macro (QQQ -3.29%) contradicts bullish positioning.
!High VIX (19.5) implies elevated uncertainty.

What to Watch

?Price action around $570 max pain and $553 EM guardrail.
?Changes in gamma flip or put open interest.
How to Use These Reports
This earnings reflects the market close on June 23, 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.