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META

Meta Platforms, Inc.Close $610.68EOD only
Max Pain
$577.50
Next expiry Sep 4, 2026
Expected Move
±$10.57
1.7% from close
Price Gap
-33.18
Distance to max pain
IV Rank
13
Low premium
P/C OI
0.43
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Sep 3, 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 3, 2026 close
META Theta Report
Analysis based on market close June 5, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 5, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short put spreads around max pain $615
Invalidation: Spot breaks below $500 gamma flip or above $650 resistance
Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 3.6% from MP; +0.5 VIX 22

IV Environment

IV Regime
High
IV vs VIX
Avg IV 55.1% vs VIX 21.5 - elevated relative to VIX
Favorable?
Yes

Term structure: Extreme short-dated skew: 0DTE call IV 102%, put 86%; term structure steep with elevated near-term vols

⚠️Elevated IV but negative dealer gamma (-$7.5M) and spot under max pain $615 suggest risk of pinning lower

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-7.5M)

Gamma flip: ~$500.00 — Approx — based on put OI concentration of 14,939 (15.7% below spot)

OI concentrations: Put OI heavy at $500 (15.7% below spot); max pain $615 (3 strikes)

Verdict: Spot below max pain $615, heavy put OI at $500 support; pin risk moderate but skewed lower

Premium Opportunities

#1
Cash-secured put
Sell 2026-07-17 $570.00 cash-secured put
Sell $570 cash-secured put for premium, risk limited to strike minus premium, bullish-neutral outlook.
Credit: $15.30-$18.70
Max loss: $551.30
BE: $551.30
Mgmt: Monitor spot near $559.77; roll or close if breached.
#2
Short strangle
Sell 2026-07-17 $570.00 put + sell $615.00 call
Sell $570 put and $615 call, profit from range-bound movement, unlimited risk.
Credit: $32.96-$40.29
Max loss: Unlimited
BE: 529.71 / 655.29
Mgmt: Set alerts at $560 and $625; close if dangerous.

Risk Alerts

!Large negative dealer gamma (-$7.5M) can exacerbate moves
!Spot trading below max pain, risk of pinning to lower strikes
!Elevated IV skew in short-dated options
How to Use These Reports
This theta reflects the market close on June 5, 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.