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 Theta 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 theta report is available for May 19, 2026.

View latest report

Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Put Credit Spread
Invalidation: Price below $600 gamma flip
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

IV Environment

IV Regime
High
IV vs VIX
IV 52% vs VIX 18% – rich premiums
Favorable?
Yes

Term structure: Front-month skew extreme; back-term elevated

📈IV elevated relative to VIX, favoring premium selling
⚠️0 DTE call IV 168% signals aggressive skew

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+114.5M)

Gamma flip: ~$600.00 — Approx — based on put OI concentration of 16,909 (2.3% below spot)

OI concentrations: Call wall $700-$900, put floor $500-$500; max pain $605-$610

Verdict: Pinning expected near $605-$610

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $605.00/$595.00 put spread
Sells $605/$595 put spread for 75 DTE, capturing elevated IV while capping risk below $600 gamma flip.
Credit: $3.87-$4.73
Max loss: $5.27
BE: $600.27
Mgmt: Close at 50% max profit or before earnings; monitor $600 support.

Risk Alerts

!Extreme 0 DTE skew – avoid naked short options
!Gamma flip at $600 – critical support
How to Use These Reports
This theta 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.