META Flow Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

Flow Verdict

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

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.

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.

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.

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.

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

Read the Flow analysis for META for 2026-04-06. This AI-generated report covers regime classification, key price levels, strategy recommendations, and actionable trade ideas drawn from end-of-day options data including gamma exposure, delta exposure, and implied volatility.