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META

Meta Platforms, Inc.Close $556.71EOD only
Max Pain
$545.00
Next expiry Aug 3, 2026
Expected Move
±$6.43
1.1% from close
Price Gap
-11.71
Distance to max pain
IV Rank
16
Low premium
P/C OI
0.42
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Jul 31, 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 31, 2026 close
META Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 17, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: Long put spreads for downside protection
Invalidation: Spot closes above $600
Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 3.8% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
Avg IV 54.58% is ~3x VIX 18.44, extreme event premium.
Favorable?
No

Term structure: 0DTE skew extreme: call 58.59%, put 43.85%; rest contango but elevated.

⚠️0DTE call IV 58.59% vs put 43.85% signals strong upside speculation.
📉Avg IV far above VIX; premium selling risky in trending high vol.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-25.8M)

OI concentrations: Max pain $590 0dte; $600 next; call wall $700-$800.

Verdict: Pin risk elevated near $590/$600; call wall far above.

Premium Opportunities

#1
Put calendar
Sell 2026-07-17 $590.00 put / buy 2026-08-21 $590.00 put
Sell front-month $590 put, buy back-month to capture time decay and volatility contraction around earnings.
Debit: $13.28-$16.23
Max loss: $16.23
BE: Path-dependent
Mgmt: Exit if spot approaches $540; adjust strikes if pin risk materializes.

Risk Alerts

!High IV skew may distort pin risk
!Extreme 0DTE skew implies gamma squeeze potential
How to Use These Reports
This theta reflects the market close on June 17, 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.