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META

Meta Platforms, Inc.Close $592.85EOD only
Max Pain
$572.50
Next expiry Sep 4, 2026
Expected Move
±$14.57
2.5% from close
Price Gap
-20.35
Distance to max pain
IV Rank
13
Low premium
P/C OI
0.44
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Sep 2, 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
Sep 2, 2026 close
META Theta Report
Analysis based on market close June 4, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 4, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Put credit spreads
Invalidation: Spot closes below $612.5 support
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 15

IV Environment

IV Regime
Normal
IV vs VIX
IV elevated vs VIX (50% vs 15.4)
Favorable?
Yes

Term structure: Front-end puts expensive; term structure slightly contango after 4d

📈IV at 50%; VIX 15; premium rich
⚠️Put skew elevated near-term; decay opportunity

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+184.3M)

Gamma flip: ~$500.00 — Approx — based on put OI concentration of 14,914 (20.3% below spot)

OI concentrations: Max pain pins $612, $610, $622; call wall $700-$900; put floor $500

Verdict: Potential pinning near max pain; large OI clusters

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $610.00/$605.00 put spread
Sell put spread to capture elevated premium with bullish/neutral bias.
Credit: $1.80-$2.20
Max loss: $2.80
BE: $607.80
Mgmt: Exit if spot closes below $612.5; theta decay favors holding.

Risk Alerts

!Gamma flip at $500 (distant, monitor if spot drops)
!Near-term OI clusters cause pinning risk
!Elevated put premiums may decay if spot holds
!Gamma risk near short strike $612.5; monitor rapid decay on drop
How to Use These Reports
This theta reflects the market close on June 4, 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.