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META

Meta Platforms, Inc.Close $674.72EOD only
Max Pain
$637.50
Next expiry Apr 24, 2026
Expected Move
±$13.23
2.0% from close
Price Gap
-37.22
Distance to max pain
IV Rank
49
Middle-high premium
P/C OI
0.49
Slightly call-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Apr 22, 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 22, 2026 close
META Flow Report
Analysis based on market close April 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasBullish
Confirmation: Large concentrated call prints 660–667 for same-day, +$92.8M GEX, DEX positive — flow and gamma pinning support upside
Invalidation: Sustained sell-through below 657.5–642.5 cluster, sharp IV spike or rapid GEX decay that reverses pinning
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 19

Watch next session: Price close relative to 657.5–662.5 strikes; Follow-up unusual prints or block sales; GEX/DEX delta and IV movement

Flow Summary

Net premium: +$186.2M bullish

P/C volume ratio: 0.64

P/C OI ratio: 0.48

Flow is bullish/pinning: concentrated same-day calls at 660–667, sizable positive GEX and buy-side share flow; puts exist but current flow favors upside. Watch for follow-through or break below put cluster.

Notable Prints

#1
META 2026-04-24 $667.50 Call
Vol: 6,817
OI: 307
Vol/OI: 22.2x
IV: 26.0%
Notional: ~$1.3M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#2
META 2026-04-24 $665.00 Call
Vol: 10,695
OI: 624
Vol/OI: 17.1x
IV: 26.4%
Notional: ~$2.8M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#3
META 2026-04-24 $662.50 Call
Vol: 3,795
OI: 337
Vol/OI: 11.3x
IV: 27.2%
Notional: ~$1.3M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
META 2026-05-08 $705.00 Call
Vol: 1,835
OI: 205
Vol/OI: 8.9x
IV: 50.2%
Notional: ~$2.0M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
META 2026-04-24 $642.50 Put
Vol: 3,793
OI: 430
Vol/OI: 8.8x
IV: 28.5%
Notional: ~$269K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Concentrated short-dated calls 655–667.5 (exp 4/24) and a standalone 5/8 705 call (low-liquidity/high-IV).

Put additions: Put builds 642.5–662.5 (exp 4/24), notable OI at 662.5 and 657.5 indicating downside hedging interest.

GEX/DEX consistency: GEX +$92.8M and DEX +70.5M are suggestive of dealer gamma exposure that can bias intraday flow toward pinning, but directionality is ambiguous (buy vs sell prints and dealer hedging matter); treat as one input, not proof.

OI clusters: Largest OI: 660C 1,343; 665C 624; 662.5P 603; 657.5P 545.

Hedging evidence: High short-dated put OI and put-call concentrations consistent with collars/protective hedges rather than directional risk-on bets.

Max pain context: Spot sits above nominal max pain; concentrated short-dated gamma could encourage pinning into 655–667 on expiry but outcome is uncertain given print types and flow mix.

Signal vs Noise

~Signal: concentrated 4/24 call prints (660–667.5) plus elevated GEX/DEX suggest dealer hedging that can create pin pressure intraday.
~Noise: lone 5/8 705 call is high-IV/low-liquidity — flagged as speculative; verify print type (block vs sweep) and bilateral liquidity before weighting its impact.

Key Conclusions

📌Short-dated flow plus GEX/DEX increase pin risk near 655–667 into 4/24, but not a certainty — monitor trade prints and dealer hedges.
⚠️Significant put OI under spot shows downside protection/hedging; watch post-expiry skew and gamma flip and verify large isolated prints for liquidity type.
How to Use These Reports
This flow reflects the market close on April 23, 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.