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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 Theta Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Put credit spreads
Invalidation: Spot closes below $597.61
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.3% from MP; +1 VIX 17

IV Environment

IV Regime
Normal
IV vs VIX
Avg IV 49.6% vs VIX 16.7; near-term low (2.99%) on expiration day
Favorable?
Yes

Term structure: Contango: 0 DTE 3%, 4 DTE 17%, 27 DTE 29%, 35 DTE 30%, 119 DTE 36%

🟢Bullish GEX +$168M and net call premium; pin at $602
⚠️Expiration day: low near-term IV; sell further out for high premium

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+167.8M)

Gamma flip: ~$500.00 — Approx — based on put OI concentration of 15,282 (18.1% below spot)

OI concentrations: Max pain $602; call wall $700-$900; put floor $500; put OI 15k at $500 (18% below spot)

Verdict: Pinning at $602 likely; positive gamma support; low risk from near expiry

Premium Opportunities

#1
Put credit spread
Sell 2026-06-18 $590.00/$575.00 put spread
Sell 590/575 put spread expiring 2026-06-18; captures time decay with defined risk.
Credit: $3.51-$4.29
Max loss: $10.71
BE: $585.71
Mgmt: Monitor spot relative to 597.61 guardrail; exit if spot breaks below or near expiration.

Risk Alerts

!Spot below $597.61 (1w guardrail) could trigger sell-off to $500 gamma flip
!Expiration day: low liquidity may cause large intraday swings
How to Use These Reports
This theta 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.