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META

Meta Platforms, Inc.Close $607.38EOD only
Max Pain
$605.00
Next expiry May 22, 2026
Expected Move
±$8.30
1.4% from close
Price Gap
-2.38
Distance to max pain
IV Rank
35
Middle-high premium
P/C OI
0.45
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: May 21, 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
May 21, 2026 close
META Flow Report
Analysis based on market close April 6, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 6, 2026. A newer flow report is available for May 21, 2026.

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Flow Verdict

BiasBearish
Confirmation: Net premium flips positive and P/C volume ratio drops below 0.7
Invalidation: Spot breaks above $586.77 (2d EM high) with sustained call buying
Confidence:
5.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.9% from MP

Watch next session: $575.00 put flow continuation; GEX pin magnet at $595.00

Flow Summary

Net premium: -$117.1M bearish

P/C volume ratio: 0.84 — moderate put lean

P/C OI ratio: 0.48 — strong call lean

Mixed signals: net premium is strongly bearish, but OI is heavily call-weighted. The flow suggests short-term hedging or profit-taking, while longer-term positioning remains bullish.

Notable Prints

#1
META 2026-04-08 $575.00 Put
Vol: 7,119
OI: 120
Vol/OI: 59.3x
IV: 40.5%
Notional: ~$542,000
Intent: Fresh directional put buying or hedging
Dual read: Bought (bearish) or sold/covered (neutral)

Read-through: Large volume relative to OI at near-spot strike suggests new bearish positioning or protection against a drop.

#2
META 2026-04-10 $552.50 Put
Vol: 6,474
OI: 167
Vol/OI: 38.8x
IV: 44.2%
Notional: ~$400,000
Intent: Directional put buying
Dual read: Bought (bearish) or sold/covered (neutral)

Read-through: High volume at a strike 4% below spot indicates bearish bets targeting a move toward $550.00 support.

#3
META 2026-04-08 $580.00 Call
Vol: 6,171
OI: 247
Vol/OI: 25.0x
IV: 40.8%
Notional: ~$469,000
Intent: Call selling or spread leg
Dual read: Sold/overwritten (neutral/bearish) or bought (bullish)

Read-through: High volume at a slightly OTM call could be profit-taking or hedging against upside, aligning with net premium bearishness.

#4
META 2026-04-08 $580.00 Put
Vol: 1,493
OI: 164
Vol/OI: 9.1x
IV: 40.2%
Notional: ~$320,000
Intent: Hedging or directional put buying
Dual read: Bought (bearish) or sold/covered (neutral)

Read-through: ITM put with moderate volume suggests protective positioning or bearish bets near current price.

#5
META 2026-04-08 $572.50 Put
Vol: 1,041
OI: 117
Vol/OI: 8.9x
IV: 41.1%
Notional: ~$135,000
Intent: Near-spot hedging
Dual read: Bought (bearish) or sold/covered (neutral)

Read-through: Moderate volume at a strike just below spot indicates short-term downside protection.

Institutional Positioning

Call additions: Minimal near-term; long-dated calls at $700-$800 (large OI clusters)

Put additions: Near-term puts at $575.00, $552.50, $580.00 (unusual activity)

GEX/DEX consistency: No — positive GEX (+$36.9M) contradicts bearish net premium flow

OI clusters: $750 call wall (205K OI), $500 put floor (15K OI), near-term call clusters at $595.00 (1,060 OI)

Hedging evidence: Yes — high put volume at near-spot strikes suggests protective hedging

Max pain context: MP at $562.50 (2026-04-06), spot above MP, pinning toward $570-$595 range

Signal vs Noise

~$5.00 call net premium of +$16.99M is likely a data anomaly or low-strike noise, not directional
~High OI at $750.00 calls is long-dated positioning, not indicative of near-term flow
~Near-term put flow may include expiration rolls or hedging, not all directional bearish bets

Key Conclusions

⚠️Net premium strongly bearish (-$117.1M) contradicts positive GEX, indicating hedging or profit-taking
📌GEX pin magnets at $595.00, $585.00, $590.00 create upward pull within 2d EM range
🛡️Institutions adding near-term puts for protection, while long-dated call OI remains heavy
How to Use These Reports
This flow reflects the market close on April 6, 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.