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META

Meta Platforms, Inc.Close $697.52EOD only

Max Pain

$740.00

Next expiry Oct 23, 2026

Expected Move

±$50.65

7.3% from close

Price Gap

+42.48

Distance to max pain

IV Rank

13

Low premium

P/C OI

0.49

Slightly call-heavy

Consensus

6.5/10

Range bias

Published snapshot: Oct 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

Oct 21, 2026 close

META Theta Report

Analysis based on market close June 8, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 8, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

4 / 10

base 5; -1 GEX/flow contradict; -0.5 spot 3.6% from MP; +0.5 VIX 19

IV Environment

IV Regime

High

IV vs VIX

IV at 51.8% vs VIX 18.9, elevated by ~32%.

Favorable?

Yes

Term structure: 0 DTE IV very low (6.9%), then steep contango; near-term skew favors calls (call IV > put IV).

📈IV high relative to VIX, attractive for premium collection.

⚠️Negative dealer gamma ($-12.8M) may amplify spot moves.

📉Spot below max pain $608, pin risk upward.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-12.8M)

OI concentrations: Max pain $608 (Jun8, Jun12), $610 (Jun10); Call OI wall $650-$800; no significant put OI below 30% of spot.

Verdict: Moderate pin risk: near-term max pain concentrations may pull spot upward, but call wall above caps upside.

Premium Opportunities

#1

Put credit spread

Sell 2026-07-02 $555.00/$550.00 put spread

Sell 555/550 put spread to collect premium with 555 support as buffer.

Credit: $1.15-$1.40

Max loss: $3.60

BE: $553.60

Mgmt: Exit if spot breaks below 555; take profit at 50% max gain.

#2

Short strangle

Sell 2026-07-02 $555.00 put + sell $605.00 call

Sell 555 put and 605 call to collect premium from untested tails.

Credit: $19.75-$24.14

Max loss: Unlimited

BE: 530.86 / 629.14

Mgmt: Adjust if spot approaches strikes; close at 50% max gain or at expiration.

Risk Alerts

!Negative dealer gamma exposure may lead to accelerated moves.

!Elevated call IV skew indicates concentrated call buying.

!Spot below max pain, potential pinning to $608.

How to Use These Reports

This theta reflects the market close on June 8, 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.