Home Options METAReports

META

Meta Platforms, Inc.Close $629.86EOD only

Max Pain

$600.00

Next expiry Apr 13, 2026

Expected Move

±$5.45

0.9% from close

Price Gap

-29.86

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.47

Slightly call-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Apr 10, 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

Apr 10, 2026 close

META Flow Report

Analysis based on market close April 8, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from April 8, 2026. A newer flow report is available for April 10, 2026.

View latest report

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.5% from MP (pre-computed)

Watch next session: Front-week call flow and OI changes at $610-$620 (near-term GEX pin area); Put buying at $600-$615 that increases net premium or materially raises put OI

Flow Summary

Net premium: +$511.9M bullish

P/C volume ratio: 0.49 — call-dominant (roughly 2:1 calls to puts by volume)

P/C OI ratio: 0.48 — moderate call lean in positioning

Heavy, concentrated call premium predominates (notably at $600, $610, $620) and dealers have positive GEX ($+122.0M) creating a pinning/bullish flow regime. Large front‑week activity is concentrated around $600–$630 — this looks like institutional directional call accumulation and dealer hedging that will magnet spot toward the near-term GEX pins (~$610 and $617.50).

Notable Prints

META 2026-04-10 $610.00 Put

Vol: 9,017

OI: 538

Vol/OI: 16.8x

IV: 49.9%

Notional: ~$7,044,577

Intent: Protective hedge / heavy front-week hedging (institutions buying puts against stock exposure or dealers rebalancing delta)

Dual read: Bought protective puts (bearish/hedge) OR short-dated put-selling done as part of complex structures (less likely given high vol/OI ratio and sizable notional).

Read-through: Large front-week put volume at $610 increases dealer hedging sensitivity around the $610 pin — while directionally cautious, this happens alongside much larger call premium and likely serves as portfolio protection rather than a dominant bearish bet.

META 2026-04-10 $600.00 Put

Vol: 13,179

OI: 951

Vol/OI: 13.9x

IV: 50.1%

Notional: ~$5,430,000

Intent: Protective hedging and front-week risk management (large short-dated put demand)

Dual read: Bought puts to hedge long equity or part of collar structures; alternatively could be dealer inventory swaps converting other exposures into short-dated put exposure.

Read-through: High volume at $600 increases put-side support (dealer buy-to-hedge) but is smaller in premium terms vs the massive call premium at $600 reported elsewhere — suggests targeted protection against a near-term pullback rather than conviction to push price lower.

META 2026-04-10 $640.00 Call

Vol: 10,371

OI: 901

Vol/OI: 11.5x

IV: 51.8%

Notional: ~$1,555,650

Intent: Directional call accumulation (bullish), taking upside exposure into the short near-term window

Dual read: Fresh long calls (bullish) OR dealers/issuers selling calls as part of covered or synthetic positions (neutral-to-bullish dependent on stock exposure).

Read-through: Large call flow out at $640 (+ significant activity at other strikes) is consistent with broad call-buying theme — supports upside pressure within expected move bounds ($594.22–$630.62), potentially extending toward the 1–week EM top if sustained.

META 2026-04-10 $615.00 Put

Vol: 6,478

OI: 264

Vol/OI: 24.5x

IV: 49.7%

Notional: ~$6,666,140

Intent: Immediate downside protection (ITM put buying) — likely institutions buying insurance very close to spot for front-week risk

Dual read: Protective buying (hedge) OR short-term directional bearish bets (less likely given broader call excess).

Read-through: Big ITM put volume signals tactical insurance — but because net premium and call OI are larger elsewhere, this is more defensive positioning against volatility than a primary bearish thrust.

META 2026-04-10 $627.50 Call

Vol: 3,090

OI: 120

Vol/OI: 25.8x

IV: 51.2%

Notional: ~$1,152,570

Intent: Fresh short-dated directional call exposure aiming just above current spot (bullish)

Dual read: Bought calls (bullish) or call selling as part of structured trades (neutral); high vol/oi indicates new positions more likely long calls.

Read-through: Concentrated activity inside the near-term EM corridor — suggests asymmetric bullish bets targeting a push through the $617.50–$630.00 area where dealer hedging will amplify moves.

Institutional Positioning

Call additions: $600/$610/$620 area — large premium flows at $600.00 ($100,858,488 call premium net) and $620.00 ($84,062,318 call premium); further call accumulation visible up to $700/$750 in OI stacks

Put additions: Front-week protective puts concentrated at $600 and $610 (high volume) and structural put OI at $500 (15,174) acting as long-term tail protection

GEX/DEX consistency: Yes — total GEX $122.0M (positive) and DEX +68.0M shares are consistent with bullish/pinning flow; near-term GEX concentration at $610 (+$7.9M) and $617.50 (+$4.2M) aligns with dealer pinning behavior

OI clusters: Large call OI clusters at $750 (205,235), $700 (107,640), $800 (104,420) create structural upside call walls farther out; near-spot OI clusters at $610 (5,965 OI), $597.50 (4,106 OI), $600 (3,683 OI) create near-term pin support. Put cluster at $500 (3,118 OI) forms a deep downside floor.

Hedging evidence: Clear evidence of short-dated protective puts (600/610/615) indicating institutional hedging; limited evidence of widespread collars — activity looks like long-call accumulation plus targeted put insurance rather than systematic collaring.

Max pain context: Max pain is lower ($575 front-week) while spot is above; with MP trending down but strong call premium and positive GEX, dealers are likely to hedge by buying stock on dips, which creates pin pressure around the $610-$617.50 GEX nodes rather than immediate slide toward $575.

Signal vs Noise

~Heavy front-week volume concentrated in 2026-04-10 options — much of the put activity looks like short-dated hedging/insurance (not necessarily directional bearish conviction).

~Large listed OI at distant strikes ($700-$900 calls) are structural liquidity walls and long-term positioning, not immediate directional signals for next 2 trading days.

~High vol/OI ratios on many front-week prints indicate fresh positions or roll activity vs. routine market-maker inventory adjustments; treat single large prints within a cluster as meaningful, but several isolated prints may be part of expiratory roll/hedge activity.

Key Conclusions

🐂Net premium is very bullish (+$511.9M) concentrated at $600–$620 — dealers are long gamma and likely to pin/prop spot around $610–$617.50 in the near term.

🛡️Large front-week put buying at $600–$615 looks like portfolio protection (not outright directional selling) — raises local put-support but doesn't offset call-dominant premium.

🎯Near-term GEX pins: $610.00 (+$7.9M) and $617.50 (+$4.2M). Watch OI and flow into these strikes for confirmation of dealer pinning behavior.

📈Structural call OI walls at $700–$800 (very large OI) create longer-term upside resistance/clustered liquidity but are unlikely to constrain a short squeeze inside this week.

👀If front-week calls keep printing and spot stays >$610, expect dealer delta-buying to support price toward 1-week EM top (~$623.67); watch for a flip if puts accelerate above current put volume.

Read the Flow analysis for META for 2026-04-08. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.