thetaOwl
HomeOptionsMETAReports

META

Meta Platforms, Inc.Close $688.55EOD only
Max Pain
$640.00
Next expiry Apr 20, 2026
Expected Move
±$6.42
0.9% from close
Price Gap
-48.55
Distance to max pain
IV Rank
100
High premium
P/C OI
0.48
Slightly call-heavy
Consensus
6.0/10
Consensus signal
Published snapshot: Apr 17, 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 17, 2026 close
META Flow Report
Analysis based on market close April 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasBullish
Confirmation: Large positive GEX (+$131.4M), concentrated call prints at 672.5–680 strikes and pinning regime; spot near mid-price supports upside squeeze.
Invalidation: Sizable intraday put volume and market weakness (SPY/QQQ down) or price falling decisively below the 662–670 area and a rapid gamma flip would negate bullish flow.
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.1% from MP; +0.5 VIX 19

Watch next session: Price hold/repel at 672–680; Follow net GEX changes and new large prints; Put volume or gamma flip signs

Flow Summary

Net premium: +$172.4M bullish

P/C volume ratio: 0.76

P/C OI ratio: 0.47

Flow is bullish and pinning: strong positive GEX plus heavy short-dated call prints around 672–680 concentrate dealer gamma; downside prints and market weakness are the primary invalidators.

Notable Prints

#1
META 2026-04-20 $672.50 Call
Vol: 17,995
OI: 194
Vol/OI: 92.8x
IV: 4.0%
Notional: ~$162K
Intent: buy sweep pressing upside
Dual read: could be seller cover or spread leg

Read-through: bullish pinning interest near 672-680

#2
META 2026-04-20 $682.50 Call
Vol: 12,310
OI: 167
Vol/OI: 73.7x
IV: 13.3%
Notional: ~$12K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#3
META 2026-04-20 $675.00 Call
Vol: 31,312
OI: 490
Vol/OI: 63.9x
IV: 5.3%
Notional: ~$376K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
META 2026-04-20 $677.50 Call
Vol: 15,056
OI: 302
Vol/OI: 49.9x
IV: 8.0%
Notional: ~$15K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
META 2026-04-20 $672.50 Put
Vol: 17,841
OI: 358
Vol/OI: 49.8x
IV: 5.5%
Notional: ~$3.7M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy same-day call prints at 672.5–680 with sizable OI at 680; flow skewed to bullish call buying.

Put additions: Notable put OI cluster 670/672.5/667.5 with large 670 put OI; modest longer-dated put interest lower.

GEX/DEX consistency: Positive GEX (+$131M); DEX inflows reported but require independent verification — broadly consistent with bullish call flow and potential pin dynamics.

OI clusters: Largest OI at 680C (~1,133) and 670P (~1,017); concentrated pain ~670–680.

Hedging evidence: Possible short-delta hedges/collars around 670–680 — put and call churn suggests hedging but is ambiguous without account-level data.

Max pain context: Spot ~0.1% from MP; increased pin risk near 670–680 given concentrated OI and positive GEX (not a certainty).

Signal vs Noise

~Signal: concentrated OI at 670–680 with strong same-day call prints and positive GEX.
~Signal: 670 put cluster suggests hedger activity, raising pin-risk probability.
~Noise: high-volume tiny-premium prints (very low IV) likely order flow/leg rolls and not directional intent.

Key Conclusions

📌Increased short-term pin risk at 670–680 due to concentrated OI and positive GEX (DEX inflows unverified).
🔼Net flow leans bullish—call additions and positive GEX outweigh modest put demand, though hedging evidence is ambiguous.
How to Use These Reports
This flow reflects the market close on April 20, 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.