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META

Meta Platforms, Inc.Close $627.57EOD only

Max Pain

$612.50

Next expiry Jun 5, 2026

Expected Move

±$9.75

1.6% from close

Price Gap

-15.07

Distance to max pain

IV Rank

High premium

P/C OI

0.46

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: Jun 4, 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 4, 2026 close

META Flow Report

Analysis based on market close June 5, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; -0.5 spot 3.6% from MP; +0.5 VIX 22

Watch next session: 590; 580; 600

Flow Summary

Net premium: -$244.7M bearish

P/C volume ratio: 0.81

P/C OI ratio: 0.46

Bearish bias despite heavy call volume, as net premium negative ($-244M) and put OI concentrated below spot. Negative gamma (-$7.5M) makes dealers sell into dips. Unusual prints show large put buys at 590/587.5 for 6/8 and 6/12, hedging downside. Calls at 595 and 617.5 appear speculative. With spy/qqq down 2.6-4.8% and VIX elevated, sentiment favors downside. Confirmation on break below 580; invalidation above 600.

Notable Prints

META 2026-06-05 $595.00 Call

Vol: 7,273

OI: 249

Vol/OI: 29.2x

IV: 9.9%

Notional: ~$327K

Intent: Bullish speculation

Dual read: High vol/oi: new buying or closing

Read-through: Betting on sharp bounce

META 2026-06-05 $592.50 Call

Vol: 5,228

OI: 210

Vol/OI: 24.9x

IV: 10.8%

Notional: ~$748K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

META 2026-06-08 $590.00 Put

Vol: 5,976

OI: 300

Vol/OI: 19.9x

IV: 32.2%

Notional: ~$3.7M

Intent: Bearish put

Dual read: Possible spread

Read-through: Put volume amid sell-off

META 2026-06-08 $587.50 Put

Vol: 2,072

OI: 114

Vol/OI: 18.2x

IV: 32.0%

Notional: ~$1.1M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

META 2026-06-05 $590.00 Call

Vol: 4,084

OI: 266

Vol/OI: 15.3x

IV: 12.6%

Notional: ~$1.3M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at 595C, 592.5C, 590C weekly; 600C 6/8

Put additions: Put accumulation at 590P, 587.5P 6/8; 580P 6/12

GEX/DEX consistency: GEX -$7.5M vs DEX +64.9M shares – dealer hedging long delta

OI clusters: Puts: 580 (909), 587.5 (788); Calls: 617.5 (706), 590 (266)

Hedging evidence: Put buying on 6/8 and 6/12 expiries shows downside protection

Max pain context: MP near 595; spot ~587 (3.6% below) aligns with bearish bias

Signal vs Noise

~617.5C weekly high vol/OI ratio likely noise – far OTM speculative

~Put flow at 590, 587.5, 580 is signal – institutional hedging amid high VIX

~Call activity at 595, 592.5 may be signal for short-term gamma squeeze

Key Conclusions

📉Institutions hedging with puts at 590, 587.5, 580; call buying at 595 suggests upside speculation

⚠️Spot 3.6% below max pain, negative GEX – dealers may push spot to 595

How to Use These Reports

This flow reflects the market close on June 5, 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.