thetaOwl

META

Meta Platforms, Inc.Close $597.63EOD only
Max Pain
$610.00
Next expiry Jun 3, 2026
Expected Move
±$10.52
1.8% from close
Price Gap
+12.37
Distance to max pain
IV Rank
55
Middle-high premium
P/C OI
0.44
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 2, 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
Jun 2, 2026 close
META Flow Report
Analysis based on market close April 17, 2026

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

You are viewing an older report from April 17, 2026. A newer flow report is available for May 26, 2026.

View latest report

Flow Verdict

BiasBullish
Confirmation: Large net GEX +$297.7M, heavy call prints (685–692 expiries), pinning gamma regime and positive DEX flow
Invalidation: Spot ~12% above MP and concentrated put OI near 682.5; sudden sell pressure or rising IV/VIX would negate pinning
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 12.0% from MP; +1 VIX 17

Watch next session: monitor call/put prints at 685–692; track spot approach to max-pain level; watch VIX/IV uptick and GEX changes

Flow Summary

Net premium: +$645.2M bullish

P/C volume ratio: 0.36

P/C OI ratio: 0.48

Net flow strongly bullish: sizable positive GEX and concentrated call activity create pinning around 685–692, but risk remains if price reverses toward MP or if volatility spikes.

Notable Prints

#1
META 2026-04-17 $682.50 Put
Vol: 24,246
OI: 151
Vol/OI: 160.6x
IV: 8.6%
Notional: ~$24K
Intent:

Read-through:

#2
META 2026-04-20 $690.00 Call
Vol: 9,832
OI: 237
Vol/OI: 41.5x
IV: 20.7%
Notional: ~$5.0M
Intent: buy call

Read-through:

#3
META 2026-04-17 $687.50 Call
Vol: 52,395
OI: 1,777
Vol/OI: 29.5x
IV: 5.7%
Notional: ~$6.7M
Intent: buy call

Read-through:

#4
META 2026-04-17 $690.00 Put
Vol: 4,722
OI: 188
Vol/OI: 25.1x
IV: 5.7%
Notional: ~$732K
Intent:

Read-through:

#5
META 2026-04-17 $685.00 Call
Vol: 69,424
OI: 3,001
Vol/OI: 23.1x
IV: 10.5%
Notional: ~$24.4M
Intent: buy call

Read-through:

Institutional Positioning

Call additions: Significant near-term call buying clustered 685–692.5 with concentrated OI at 685/690 for 4/17–4/20 expiries.

Put additions: Notable put OI cluster 682.5–685 (material aggregate) plus smaller intraday put prints—meaningful downside exposure versus calls.

GEX/DEX consistency: Flow skewed bullish; positive GEX (+$297.7M) and DEX buy activity align with call-heavy flow but don’t eliminate downside pressure from puts.

OI clusters: Largest OI: 685 call (multi‑k across expiries), 690 call (~5.1k@4/17); put cluster ~682.5–685 is sizable (~15k aggregate).

Hedging evidence: Signs of short‑delta hedging and collars around 685–690; low IV on large call prints suggests directional buying, while put cluster indicates hedges or protection demand.

Max pain context: Max pain sits below spot; combined flow creates a higher‑probability pin range near 685–690 but with material downside risk if put‑led hedging dominates.

Signal vs Noise

~Signal: concentrated call OI at 685–690 with high volume and aligned positive GEX.
~Signal: DEX share buying supports buy-side flow that can reinforce call pinning pressure.
~Noise/Risk: 682.5–685 put cluster is meaningful—could drive hedging/gamma flips and downside pinning if spot drifts down.

Key Conclusions

📌Probable pin window 685–690 given call OI and buy-side flow, but not certain.
⚠️Material put cluster 682.5–685 creates real downside hedge risk and potential gamma flip.
How to Use These Reports
This flow reflects the market close on April 17, 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.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

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