thetaOwl
HomeOptionsMETAReports

META

Meta Platforms, Inc.Close $602.61EOD only
Max Pain
$607.50
Next expiry May 20, 2026
Expected Move
±$8.00
1.3% from close
Price Gap
+4.89
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
0.46
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: May 19, 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 19, 2026 close
META Flow Report
Analysis based on market close May 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 15, 2026. A newer flow report is available for May 19, 2026.

View latest report

Flow Verdict

BiasBullish
Confirmation: Spot holds above gamma flip and heavy call flow supports upside
Invalidation: Break below 600 or put/call ratio reversal
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.5% from MP; +0.5 VIX 18

Watch next session: 0DTE call activity; gamma flip level 600

Flow Summary

Net premium: +$99.7M bullish

P/C volume ratio: 0.46

P/C OI ratio: 0.46

Bullish despite market drag. Heavy call buying, mostly 0DTE, boosts GEX. Spot above gamma flip 600 implies pinning. High confidence.

Notable Prints

#1
META 2026-05-18 $615.00 Call
Vol: 7,888
OI: 303
Vol/OI: 26.0x
IV: 22.7%
Notional: ~$4.2M
Intent: Bullish speculation or hedging
Dual read: Covering short positions

Read-through: Expects upward move by Monday

#2
META 2026-05-18 $620.00 Put
Vol: 2,144
OI: 145
Vol/OI: 14.8x
IV: 23.0%
Notional: ~$1.9M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#3
META 2026-05-15 $617.50 Call
Vol: 18,493
OI: 1,396
Vol/OI: 13.2x
IV: 8.3%
Notional: ~$92K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
META 2026-05-18 $615.00 Put
Vol: 1,869
OI: 163
Vol/OI: 11.5x
IV: 22.4%
Notional: ~$1.0M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
META 2026-05-15 $612.50 Call
Vol: 7,930
OI: 728
Vol/OI: 10.9x
IV: 9.0%
Notional: ~$1.8M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at 615, 617.5, 620 weekly; also 610-615 next week.

Put additions: Moderate put buying at 612.5 and 615 weekly.

GEX/DEX consistency: Yes - GEX +$114.5M, DEX +64.8M shares consistent with bullish flow.

OI clusters: Largest OI: 620C (6596), 615C (2740), 612.5P (1048) at weekly.

Hedging evidence: Minimal; some puts at 612.5 may be protective.

Max pain context: Spot above MP; pinning expected near 615-620.

Signal vs Noise

~High vol/OI on 615C (26x) and 620P (14.8x) signal real flow.
~620C weekly huge volume but low IV (9.7%) may be closing noise.
~617.5C weekly at $0.05 is noise (expiring worthless).
~612.5C weekly vol/OI 10.9 with $2.23 is real bullish add.

Key Conclusions

🚀54k vol on 620C weekly, but low IV 9.7% suggests closing, not new bullish bet.
🛡️8k puts at 612.5P (OI 1048) may hedge downside.
✅GEX +$114.5M and DEX long confirm bullish momentum.
How to Use These Reports
This flow reflects the market close on May 15, 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.