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META

Meta Platforms, Inc.Close $607.38EOD only
Max Pain
$605.00
Next expiry May 22, 2026
Expected Move
±$8.30
1.4% from close
Price Gap
-2.38
Distance to max pain
IV Rank
35
Middle-high premium
P/C OI
0.45
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: May 21, 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 21, 2026 close
META Flow Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasBullish
Confirmation: Spot holds above $607.5; continued call volume at $610+ strikes.
Invalidation: Break below $607.5 with put volume surge.
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.3% from MP; +1 VIX 17

Watch next session: $610 support; $615 resistance

Flow Summary

Net premium: +$57.1M bullish

P/C volume ratio: 0.41

P/C OI ratio: 0.45

Strong bullish flow: low put/call ratios, positive net premium and GEX. Unusual call buying at $610 and $612.5 strikes. Market context supportive. Bias bullish with key support $607.5.

Notable Prints

#1
META 2026-05-26 $612.50 Call
Vol: 6,565
OI: 180
Vol/OI: 36.5x
IV: 16.8%
Notional: ~$2.4M
Intent: Bullish accumulation, pinning play

Read-through: High vol/oi (36.5) indicates aggressive buying; supports $612.5 pin.

#2
META 2026-05-22 $612.50 Put
Vol: 11,615
OI: 400
Vol/OI: 29.0x
IV: 9.2%
Notional: ~$2.2M
Intent: Bearish hedge or momentum bet
Dual read: Pair with call for straddle

Read-through: OTC put volume suggests downside protection; may cap upside.

#3
META 2026-05-26 $607.50 Put
Vol: 3,383
OI: 141
Vol/OI: 24.0x
IV: 17.8%
Notional: ~$1.0M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
META 2026-05-22 $612.50 Call
Vol: 30,325
OI: 1,538
Vol/OI: 19.7x
IV: 3.5%
Notional: ~$30K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
META 2026-05-26 $615.00 Call
Vol: 7,528
OI: 404
Vol/OI: 18.6x
IV: 16.8%
Notional: ~$2.0M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at 5/22 $610C (48k vol) and 5/26 $612.5C, $615C; extended calls at $672.5 and $715.

Put additions: Moderate put activity at 5/22 $612.5P (11k) and 5/26 $607.5P, likely hedging.

GEX/DEX consistency: Yes: positive GEX ($167.8M) and DEX (+59.7M shares) both bullish.

OI clusters: Largest OI: 5/22 $610C (4,242), $612.5C (1,538), $607.5P (556). Gamma flip at $500.

Hedging evidence: Put purchases at $612.5 and $607.5 appear as hedges against long call positions, not bearish.

Max pain context: Spot above max pain, likely pinning to $610-$615 area given call OI concentration.

Signal vs Noise

~High vol/oi ratios on 5/26 $612.5C (36.5), 5/22 $612.5P (29), 5/26 $607.5P (24), 5/26 $615C (18.6), 5/22 $610C (11.3) signal real flow.
~Low-priced prints like 5/22 $612.5C ($0.01) and $607.5P ($0.02) are likely noise.
~Long-dated calls ($672.5, $715) have high IV and low OI, speculative but not dominant.

Key Conclusions

🚀Bullish flow: heavy call accumulation at $610-$615, supported by positive GEX/DEX.
🛡️Put activity at $612.5 and $607.5 is hedging, not directional bearish.
📌Spot pinned above MP; gamma flip far below suggests drift higher toward OI clusters.
How to Use These Reports
This flow reflects the market close on May 22, 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.