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META

Meta Platforms, Inc.Close $599.12EOD only
Max Pain
$600.00
Next expiry Aug 12, 2026
Expected Move
±$9.90
1.6% from close
Price Gap
+0.88
Distance to max pain
IV Rank
8
Low premium
P/C OI
0.42
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Aug 11, 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
Aug 11, 2026 close
META Theta Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 13, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short put credit spreads
Invalidation: Break below $600 support with volume
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV 50% vs VIX 18: 2.8x premium
Favorable?
Yes

Term structure: Front-end skew extreme; back months flat 30-38%

📈High IV/VIX ratio suggests elevated premiums
⚠️0 DTE skew extreme: call IV 58%, put 37%

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+171.1M)

Gamma flip: ~$600.00 — Approx — based on put OI concentration of 15,709 (2.7% below spot)

OI concentrations: Put OI $600 (15,709 contracts, 2.7% below spot); call wall $700-900

Verdict: High pin risk: $600 max pain with heavy put OI; dealer long gamma

Premium Opportunities

#1
Put credit spread
Sell 2026-06-05 $595.00/$590.00 put spread
Sell $595/$590 put spread to capture elevated premium with controlled risk.
Credit: $1.55-$1.90
Max loss: $3.10
BE: $593.10
Mgmt: Exit if META breaks below $600; take profit at 50% max gain.
#2
Iron condor
Sell 2026-06-12 $595.00/$590.00 put wing and $620.00/$630.00 call wing
Sell $595/$590 put and $620/$630 call wings to collect premium in range-bound expectation.
Credit: $5.42-$6.63
Max loss: $3.37
BE: 588.37 / 626.63
Mgmt: Adjust if price approaches either wing; close at 50% profit or at expiration.

Risk Alerts

!🗓️ May 13 expiration: gamma pin risk at $600
!📊 Put/call volume 0.34: bullish flow but watch reversal
How to Use These Reports
This theta reflects the market close on May 13, 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.