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META

Meta Platforms, Inc.Close $634.53EOD only

Max Pain

$605.00

Next expiry Apr 15, 2026

Expected Move

±$11.65

1.8% from close

Price Gap

-29.53

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.48

Slightly call-heavy

Consensus

6.5/10

Range bias

Published snapshot: Apr 13, 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 13, 2026 close

META Flow Report

Analysis based on market close April 13, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 19.1

Watch next session: $630–$635 call flow and OI changes (watch builds at $635.00); Fresh put activity at $620–$625 (would weaken bullish thesis)

Flow Summary

Net premium: +$217.4M bullish

P/C volume ratio: 0.64 — call-dominant (calls ~56% of flow)

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

Large, concentrated call buying and premium flow around the 625–635 area is driving a clear bullish flow regime. Dealers are long gamma (Total GEX +$223.1M) and near-term GEX concentration pins the stock around $635, reinforcing upside skew while short-dated put activity is minor by notional.

Notable Prints

META 2026-04-13 $630.00 Call

Vol: 46,380

OI: 2,056

Vol/OI: 22.6x

IV: 12.3%

Notional: ~$21.9M

Intent: Fresh directional call buying (bullish exposure into/through short-dated expiry)

Dual read: Aggressive buy-to-open (bullish) OR large block sold to create/write calls against stock positions (neutral-to-slightly-bullish hedged)

Read-through: High-volume ITM calls concentrated at $630 meaningfully shifts short-term dealer hedging to the upside — supports pin at $635 and positive dealer gamma.

META 2026-04-13 $632.50 Call

Vol: 26,325

OI: 1,064

Vol/OI: 24.7x

IV: 7.4%

Notional: ~$6.2M

Intent: Directional call accumulation (top-up to bullish exposure near spot)

Dual read: Bought (bullish) OR sold (overwriting/covered call trades) but size and concentration suggest fresh buys more likely

Read-through: Reinforces $630 call flow; adds to near-term call gamma concentrated within pennies of spot — increases probability of a $635 pin next sessions.

META 2026-04-13 $630.00 Put

Vol: 17,398

OI: 846

Vol/OI: 20.6x

IV: 6.8%

Notional: ~$17.4K

Intent: Likely closing/rolls or cheap short-dated put purchases (pin mechanics) rather than meaningful downside hedge

Dual read: Could be cheap speculative buys (small directional hedge) OR sellers closing positions into expiry; extremely low premium makes directional read ambiguous

Read-through: Despite high volume, negligible premium (last=$0.01) makes this low-impact financially — activity looks like expiry pin mechanics or order-routing, not a major protective buying signal.

META 2026-04-13 $627.50 Put

Vol: 16,243

OI: 448

Vol/OI: 36.3x

IV: 9.2%

Notional: ~$16.2K

Intent: Expiry-driven activity (close/roll) or cheap speculative order flow

Dual read: Small notional buys (cheap) vs. sell-to-close by writers; cannot be read as large protective demand given $0.01 last

Read-through: High vol/OI ratio signals heavy traffic into the strike at expiry but not sizey economic exposure — consistent with pinning and gamma trades around spot.

META 2026-04-13 $622.50 Put

Vol: 8,198

OI: 212

Vol/OI: 38.7x

IV: 14.8%

Notional: ~$8.2K

Intent: Expiry pinning/closing activity or cheap puts purchased as last-minute hedges

Dual read: Tiny notional buys (spec/hunt) OR liquidity trades to adjust books ahead of close; unlikely to represent large institutional protective demand

Read-through: Supports the view that most short-dated put flow is operational/expiry-driven rather than signaling a new bearish institutional position.

Institutional Positioning

Call additions: Concentrated additions in 625–635 strikes (notably $630 and $632.50) across 4/13 and 4/15 expiries; large premium flow at $630/$635 indicates institutions adding upside exposure.

Put additions: Smaller/short-dated put activity at $620–$627.50 exists but is tiny on a notional basis (many trades last=$0.01) — not strong evidence of large protective put accumulation.

GEX/DEX consistency: Yes — positive Total GEX $223.1M and DEX +70.4M shares align with bullish flow and pinning dynamics around $635.

OI clusters: Near-term OI clusters concentrated on calls at $635.00 (3,655 OI), $640.00 (2,691 OI), $660.00 (2,412 OI); puts cluster at $620.00 (2,428 OI) and $625.00 (2,251 OI). These create a short-term magnet between $620–$640 with heavier upside call concentration.

Hedging evidence: Limited evidence of large-scale protective hedging — short-dated put notional is negligible despite high trade counts. Dealers are net long gamma which implies they will buy stock into dips and sell into rallies near pin strikes.

Max pain context: Max pain near-term at $620 (4/13) with subsequent expirations trending lower; spot above MP and concentrated call flow near $635 suggests market makers attempting to pin/hold price above MP while dealers remain long-gamma.

Signal vs Noise

~Large count of short-dated puts trading at $0.01 (e.g., $627.50, $630.00, $622.50 exp 4/13) — likely expiry pin mechanics, closes/rolls, or low-priced executions not meaningful as directional hedges.

~High-volume ITM calls at $630/$632.50 are meaningful directionally; by contrast, high vol / low last-price put prints are likely noise (order-routing or settlement activity).

~Some call OI concentration at higher strikes ($700–$750) is structural (long-dated / large OI) and not immediately actionable for near-term directional bias.

~Potential market-maker inventory adjustments ahead of short expiries — expect gamma-hedging flows to exaggerate intraday moves; these are operational, not necessarily new conviction.

Key Conclusions

🐂Net premium +$217.4M and P/C volume 0.64 — clear call-dominant flow today concentrated at 625–635.

📍Near-term pin probability increased at $635.00 — largest GEX concentration +$58.5M sits just +0.1% from spot.

🧲Dealer positioning (GEX +$223.1M) implies market-makers will buy into dips and sell into strength around the 620–640 band.

⚠️Many short-dated put prints are tiny notional (last=$0.01) — treat these as expiry/roll noise, not institutional protective buying.

👀Watch $630–$635 call OI builds and any real notional put buying at $620–$625 next session — they will confirm or blunt the bullish thesis.

Read the Flow analysis for META for 2026-04-13. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.