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META

Meta Platforms, Inc.Close $644.38EOD only
Max Pain
$615.00
Next expiry Sep 11, 2026
Expected Move
±$12.50
1.9% from close
Price Gap
-29.38
Distance to max pain
IV Rank
24
Low premium
P/C OI
0.44
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Sep 10, 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 10, 2026 close
META Theta Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: Short put spreads at $590
Invalidation: Spot closes above $590 resistance or IV contracts sharply (e.g., VIX drops below 15)
Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 3.7% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
IV 54% vs VIX 19.4, elevated
Favorable?
Yes

Term structure: Contango except 1d dip, near-term backwardation

⚠️IV high relative to VIX, but negative dealer gamma increases risk
📌Max pain $590, spot below, potential pin action

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-23.6M)

OI concentrations: Max pain clusters at $590; heavy call OI $700-800

Verdict: Pin risk elevated near $590; watch for gamma squeeze

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $590.00/$580.00 put spread
Sell put spread to collect premium with limited risk.
Credit: $5.56-$6.79
Max loss: $3.21
BE: $583.21
Mgmt: Close at 50% profit or before earnings.
#2
Short strangle
Sell 2026-08-21 $530.00 put + sell $645.00 call
Capture elevated IV premium with undefined risk.
Credit: $34.45-$42.10
Max loss: Unlimited
BE: 487.90 / 687.10
Mgmt: Close before earnings; monitor gamma.

Risk Alerts

!Negative dealer gamma ($-23.6M) amplifies spot moves
!IV contraction could hurt premium sellers if spot stabilizes
How to Use These Reports
This theta reflects the market close on June 11, 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.