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META

Meta Platforms, Inc.Close $632.51EOD only

Max Pain

$615.00

Next expiry Jun 1, 2026

Expected Move

±$4.08

0.6% from close

Price Gap

-17.51

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.45

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 29, 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 29, 2026 close

META Flow Report

Analysis based on market close April 14, 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 14, 2026. A newer flow report is available for May 26, 2026.

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Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.3% from MP; +0.5 VIX 18.4

Watch next session: Large OI or premium build at $660/$665-$675 calls (near-term expirations); Any increase in put flow around $620-$630 or fresh buying into $600 puts

Flow Summary

Net premium: +$744.1M bullish

P/C volume ratio: 0.47 — strong call-dominant volume today

P/C OI ratio: 0.47 — call-biased positioning (not just intraday noise)

Highly bullish short-dated flow concentrated in strikes around $650–$675 and heavy premium accrual at $660 and $650. Dealers are long gamma (GEX +$209.4M) and pinning behavior is visible near $660, supporting upward drift toward the call-heavy zone and keeping downside protected by dealer hedging.

Notable Prints

META 2026-04-15 $662.50 Call

Vol: 13,654

OI: 149

Vol/OI: 91.6x

IV: 23.8%

Notional: ~$6.01M

Intent: Aggressive directional call buying into 4/15 expiry (short-dated bullish stake)

Dual read: Could be purchases (bullish) or dealer selling into flow/overwriting (neutral); high Vol/OI implies fresh entry buying pressure

Read-through: Large, concentrated short-dated call buys that will force dealer delta hedging to buy stock into the session — aligns with positive GEX and pinning at $660, upward micro-pressure for spot.

META 2026-04-15 $665.00 Call

Vol: 17,572

OI: 599

Vol/OI: 29.3x

IV: 24.0%

Notional: ~$5.89M

Intent: Directional call accumulation; front-month directional bet closer to ATM

Dual read: Bought (bullish) or part of short-dated call spread structures sold to finance further OTM buys (mixed)

Read-through: One of the largest single-strike premium flows ($51,024,235 net premium at $660 and $65.6M at $660/$665 band in top premium flow). Reinforces dealers needing to buy stock to hedge, supporting continued pinning around $660–$670.

META 2026-04-17 $660.00 Put

Vol: 6,167

OI: 199

Vol/OI: 31.0x

IV: 30.2%

Notional: ~$4.38M

Intent: Protective or tactical hedge into the multi-day expiry (4/17) — larger premium per contract implies genuine downside protection

Dual read: Could be directional bearish buying or a hedge (protective put for stock or for existing short call exposure)

Read-through: Notable put activity near $660 shows some two-sided positioning: while calls dominate overall, institutions are buying protection around current spot — caps aggressive upside but doesn't offset large call premium flow.

META 2026-04-15 $675.00 Call

Vol: 6,392

OI: 142

Vol/OI: 45.0x

IV: 23.9%

Notional: ~$1.60M

Intent: Directional call purchases to express upside into near-term expiry

Dual read: Fresh buys (bullish) or spread leg (financing) — but high Vol/OI favors fresh buys

Read-through: Supports the laddered call accumulation above spot (650/660/665/675) that will keep dealer delta buying into strength.

META 2026-04-15 $640.00 Put

Vol: 13,092

OI: 129

Vol/OI: 101.5x

IV: 28.2%

Notional: ~$0.34M

Intent: Short-dated put buying — could be protective hedging or sweep to balance short deltas from heavy call flow

Dual read: Direct bearish bets (small notional) or micro-hedges / synthetic adjustments from market-makers

Read-through: Very high Vol/OI but small per-contract premium; likely tactical hedging or market-maker activity reacting to heavy call buys rather than a large directional bearish conviction.

Institutional Positioning

Call additions: Concentrated call premium and volume at $650-$675 (notably $650, $660, $665, $675) and sizable longer-dated call OI at $700-$750 — indicates institutions adding upside exposure both short-dated and further out.

Put additions: Some protective buying around $660 (4/17 put flow) and scattered short-dated put buys at $630-$640, but overall put premium is small relative to call premium (P/C Volume Ratio 0.47).

GEX/DEX consistency: Yes — positive Total GEX $+209.4M and DEX +78.7M shares align with bullish flow and pinning behavior around near-term strikes ($660, $650, $670).

OI clusters: Large call OI clusters at $700 (11,645 OI), $750 (204,935 OI top across expirations), and concentrated near-term call OI at $640-$660; put clusters sit at $600 (7,133), $620 (6,516) and $630 (5,680) creating a put floor below spot.

Hedging evidence: Evidence of hedging: short-dated protective puts at $660 (4/17) and $630–$640 lumps, plus dealer delta hedging implied by high GEX concentration at $660 (+$17.9M) and $650 (+$10.4M). Little sign of large collar programs; more one-sided call buys financed by selling other structures is possible.

Max pain context: Max pain short-term expiries are materially below spot (e.g., $617.50 on 4/15); spot is above MP which supports margin for spot to stay elevated short-term while MP trend is downward over expirations. Dealers currently pinning around $660 while MP remains lower — watch tension if large put buying appears.

Signal vs Noise

~Bulk of the largest prints are 4/15 expiry — much of the volume is expiration-dated flow and will include expiry-driven hedging and gamma trades (not pure directional conviction).

~Very high Vol/OI in $640P and $662.50C shows the trades are fresh and short-dated; $640P last=$0.26 implies small notional (~$0.34M) and is likely tactical hedging or market-maker activity, not a large institutional directional put program.

~Some high-volume prints (e.g., $650-$660 call band) could be spread legs or financing (sell further OTM calls to buy nearer ATM calls). Treat single-strike volume as directional only when paired with premium flow and repeated builds across expirations.

Key Conclusions

🐂Calls dominate flow: Net Premium = $744.1M and P/C Volume Ratio = 0.47 — clear short-dated bullish pressure centered at $650–$670.

📌Pinning near $660: GEX concentration +$17.9M at $660 and heavy call buys force dealer delta buys that act as a short-term magnet.

🛡️Some protective puts at $660 and $630–$640 indicate two‑sided risk management — upside betters buying protection rather than outright put bears.

🧭Key resistance cluster: call OI wall at $700–$750 (and EM upper ~ $667.04/$683.14) — expect supply/resistance into that zone.

📈Dealers are long gamma (GEX +$209.4M) — favourable for intraday momentum in the direction of flow (up) but increases pin risk into expiry.

How to Use These Reports

This flow reflects the market close on April 14, 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.

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If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.