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META

Meta Platforms, Inc.Close $631.48EOD only
Max Pain
$592.50
Next expiry Jul 10, 2026
Expected Move
±$14.38
2.3% from close
Price Gap
-38.98
Distance to max pain
IV Rank
13
Low premium
P/C OI
0.41
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Jul 9, 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
Jul 9, 2026 close
META Theta Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 26, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness9 / 10
Sizing: Moderate
Primary: Short premium
Invalidation: Spot breaks below $600 or above $620
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.8% from MP; +1 VIX 17

IV Environment

IV Regime
Normal
IV vs VIX
IV 48% vs VIX 17, elevated
Favorable?
Yes

Term structure: Upward sloping with near-term spike at 3DTE

📈IV elevated relative to VIX, favorable for sellers
📌Max pain $608 pinning near current spot

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+179.5M)

Gamma flip: ~$500.00 — Approx — based on put OI concentration of 15,216 (18.3% below spot)

OI concentrations: Put floor $500 with 15k OI (18.3% below spot), call wall $700-$900

Verdict: Moderate-high pin risk; spot at $608 max pain suggests pinning

Premium Opportunities

#1
Iron condor
Sell 2026-07-17 $600.00/$590.00 put wing and $620.00/$630.00 call wing
Sells OTM put and call wings to collect elevated premium ahead of earnings.
Credit: $7.38-$9.02
Max loss: $0.98
BE: 590.98 / 629.02
Mgmt: Close at 50% profit or near invalidation levels.
#2
Put credit spread
Sell 2026-08-21 $600.00/$590.00 put spread
Sells put spread below support to collect premium after earnings volatility fades.
Credit: $3.98-$4.87
Max loss: $5.13
BE: $595.13
Mgmt: Roll down if spot approaches short strike.

Risk Alerts

!Spot deviation from $608 could cause gamma acceleration
!Near-term IV spike and tight invalidation increase tail risk
How to Use These Reports
This theta reflects the market close on May 26, 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.