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META

Meta Platforms, Inc.Close $671.58EOD only

Max Pain

$605.00

Next expiry Apr 17, 2026

Expected Move

±$7.08

1.1% from close

Price Gap

-66.58

Distance to max pain

IV Rank

High premium

P/C OI

0.48

Slightly call-heavy

Consensus

6.5/10

Consensus signal

Published snapshot: Apr 15, 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 15, 2026 close

META Flow Report

Analysis based on market close April 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.1% from MP; +0.5 VIX 18

Watch next session: Continuation or repeat of outsized front-week call prints at $675.00 / $680.00 / $672.50; Any surge in put prints at $667.50-$670 that drives spot below $660 and forces dealer re-hedging

Flow Summary

Net premium: +$427.7M bullish

P/C volume ratio: 0.37

P/C OI ratio: 0.48

Flow is strongly call-biased and concentrated in the front-week expiries: exceptionally large call prints at $675.00 (Vol 44,645), $680.00 (Vol 37,211) and $672.50 (Vol 26,588) overwhelm isolated put activity. Put volume exists (notably front-week $670 and $667.50), but the sheer scale of the short-dated call accumulation drives dealer positive gamma hedging and reinforces a pin zone around $672.50-$675 in the near term.

Notable Prints

META260415C00675000

Vol: 44,645

OI: 1,324

Vol/OI: 33.7x

IV: 5.1%

Notional: ~$446K

Intent: Aggressive short-dated directional call buying (opening sweeps)

Dual read: Could be systematic call buying or large directional bet; size vs OI and concentration with adjacent strikes favors fresh long call exposure

Read-through: Largest single front-week call flow of the session — materially supports dealer buy-hedging and the near-term pin at $672.50-$675.

META260415C00680000

Vol: 37,211

OI: 1,452

Vol/OI: 25.6x

IV: 10.0%

Notional: ~$372K

Intent: Aggressive front-week call accumulation reinforcing upside exposure

Dual read: May be part of laddered call buys across nearby strikes; still directional given concentrated front-week activity

Read-through: Adds to a multi-strike sweep that forces dealer hedging into the 2d expected move and elevates the probability of spot holding inside $664.51-$678.66.

META260415C00672500

Vol: 26,588

OI: 1,443

Vol/OI: 18.4x

IV: 3.6%

Notional: ~$2.66M

Intent: High-volume front-week call buying at the near-pin ($672.50) — likely fresh long exposure

Dual read: Low last price suggests sweeps; combined with C675/C680 prints, this is directional rather than isolated market-maker adjustments

Read-through: Key corroborating print that centers the front-week pin at $672.50 and compels dealer positive-gamma hedging around that strike.

META260415P00667500

Vol: 11,609

OI: 119

Vol/OI: 97.5x

IV: 5.4%

Notional: ~$116K

Intent: Aggressive intraday put buying / opening sweeps (defensive or directional bearish bets)

Dual read: Could be traders buying cheap protection or speculators attempting a short-lived downside squeeze; high vol/OI strongly implies opening activity rather than closing noise

Read-through: Creates a localized defensive support/interest area near $667.50; however, the magnitude of call flow still dominates overall directional bias.

META260415P00670000

Vol: 17,067

OI: 497

Vol/OI: 34.3x

IV: 3.5%

Notional: ~$102K

Intent: Short-dated protective put buying or short-covering at $670

Dual read: Could reflect tactical downside protection against the same-day risk; less structurally significant than the oversized call prints

Read-through: Provides some shallow put-side support between $667.50-$670 but does not offset the outsized call-side pressure.

Institutional Positioning

Call additions: Heavy front-week call accumulation concentrated at $672.50, $675.00 and $680.00 plus elevated medium-term call premium at $700.00 and $720.00 across expirations

Put additions: Front-week defensive/short-dated puts concentrated at $667.50 and $670.00 (aggressive intraday buying), with larger, longer-horizon put OI clusters deeper at $600.00-$570.00 serving as structural floors

GEX/DEX consistency: Strongly consistent: outsized front-week call prints amplify dealer short-gamma exposure and positive GEX (+$277.2M), driving hedging flows that support spot around the $672.50-$675 pin.

OI clusters: Immediate OI concentration and flow create a near-term pin at $672.50-$675; larger structural call OI walls exist at $700.00 and $750.00 while put OI clusters at $570.00-$620.00 form a long-term put floor.

Hedging evidence: Clear evidence of short-dated protection (puts at $667.50/$670) but overwhelmed by larger call buys; dealers are likely buying underlying to delta-hedge the front-week call accumulation, reinforcing short-term upside pressure.

Max pain context: Max pain pins for near expiries are below spot ($645 on 04-15 and $605 on 04-17) but immediate flow and GEX concentrations are pulling spot toward $672.50-$675 in the front-week window.

Signal vs Noise

~Multiple same-day, front-week call prints — likely directional buys rather than isolated spread legs because of size vs OI and concentration across adjacent strikes.

~Low-priced last prints (many $0.01-$0.14) on front-week strikes indicate large opening sweeps; not dividend/earnings driven (next earnings 2026-04-29) so treat as pure flow.

~Some put OTM prints (e.g., META260415P00667500) show very high vol/OI multiples but tiny last price ($0.02); these can be gamma/speculative noise unless followed by sustained put buying.

~Long-dated OI clusters (calls at $750-$800 and puts at $500-$600) are structural positioning and not immediate directional signals for the next session.

Key Conclusions

🐂Front-week call accumulation concentrated at $672.50-$680 is the primary driver — expect dealers to hedge by buying underlying, supporting spot within the 2d expected move.

📌Near-term pin: $672.50 is the actionable intraday magnet (GEX +$27.5M + heavy call prints there). Watch for failure of that magnet as the early invalidation signal.

🛡️Protective put activity exists at $670 and $667.50 but is secondary to calls — a breakout below $660 with rising put flow would flip the tape bearish.

Read the Flow analysis for META for 2026-04-15. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.