thetaOwl
HomeOptionsMETAReports

META

Meta Platforms, Inc.Close $668.84EOD only
Max Pain
$670.00
Next expiry Apr 22, 2026
Expected Move
±$10.80
1.6% from close
Price Gap
+1.16
Distance to max pain
IV Rank
45
Middle-high premium
P/C OI
0.48
Slightly call-heavy
Consensus
7.0/10
Consensus signal
Published snapshot: Apr 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
Apr 21, 2026 close
META AI Consensus Report
Analysis based on market close April 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.5

out of 10

6.5 because positioning, dealer gamma and institutional flow align for a pin, but an upcoming earnings/volatility reprice is a binary catalyst that can wipe out the pin regardless of positioning.

Where Perspectives Agree

Pinning regime is dominant: dealer gamma and recent bullish flow are holding spot near the $665–$670 pain cluster and biasing a contained upside toward the high-$600s.

Where They Diverge

Flow and directional agree on continuation but earnings-term structure and theta caution note a potential post-event IV reprice that would invert the pin; this earnings-driven IV move directly undermines the contained-upside thesis if realized.

Top Trade
via theta

Sell May 15 $670/$690 call spread for a credit (defined-risk, short call spread expires May 15).

Key Risk

Break below $650 breaches the pin, flips dealer gamma dynamics, and would likely accelerate downside toward $630–$620 as hedges unwind.

How to Use These Reports
This ai consensus reflects the market close on April 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.