Home Options METAReports

META

Meta Platforms, Inc.Close $595.19EOD only

Max Pain

$610.00

Next expiry Jul 27, 2026

Expected Move

±$12.70

2.1% from close

Price Gap

+14.81

Distance to max pain

IV Rank

Low premium

P/C OI

0.44

Slightly call-heavy

Consensus

6.5/10

Range bias

Published snapshot: Jul 24, 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 24, 2026 close

META Theta Report

Analysis based on market close June 9, 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 9, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 3.4% from MP; +0.5 VIX 20

IV Environment

IV Regime

High

IV vs VIX

Avg IV 51.2% vs VIX 19.9% – elevated premium environment.

Favorable?

Yes

Term structure: Front-end skew steep (call IV 54.9% vs put 43.0% on 1d); 6/12 shows even higher skew; 6/18 has extreme put IV (177.8%) indicating event risk. Overall term structure is mixed with backwardation near-term.

📈Front-end call skew elevated: sell calls attractive

⚠️6/18 put IV anomaly: event risk may distort

📊IV > VIX by 2.6x: rich premium

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+6.2M)

OI concentrations: Concentrated OI at $600 and $605 on near-term expirations, with call wall at $700-$800.

Verdict: Spot below max pain ($600-$605), but positive GEX suggests pinning toward those levels. Upward bias with resistance at $605.

Premium Opportunities

Call credit spread

Sell 2026-06-12 $595.00/$605.00 call spread

Sells $595/$605 call spread to benefit from IV crush and price staying below $605.

Credit: $2.12-$2.59

Max loss: $7.41

BE: $597.59

Mgmt: Monitor delta; adjust or close if spot breaks $605.

Put credit spread

Sell 2026-06-12 $572.50/$555.00 put spread

Sells $572.50/$555 put spread, collecting premium with wide safety buffer.

Credit: $2.42-$2.95

Max loss: $14.55

BE: $569.55

Mgmt: Set stop at $555; roll if spot approaches.

Iron condor

Sell 2026-06-12 $575.00/$555.00 put wing and $595.00/$605.00 call wing

Sells call wing at $595/$605 and put wing at $575/$555 to profit from range-bound price.

Credit: $5.07-$6.20

Max loss: $13.80

BE: 568.80 / 601.20

Mgmt: Adjust wings if pinning shifts; target 50% profit.

Risk Alerts

!Front-end IV skew extreme – avoid naked short calls near event.

!Pinning risk at $600/$605 – manage deltas tightly.

!Term structure inconsistency – watch for roll-down risk.

How to Use These Reports

This theta reflects the market close on June 9, 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.