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META

Meta Platforms, Inc.Close $577.22EOD only
Max Pain
$580.00
Next expiry Jun 22, 2026
Expected Move
±$10.93
1.9% from close
Price Gap
+2.78
Distance to max pain
IV Rank
100
High premium
P/C OI
0.44
Slightly call-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 18, 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
Jun 18, 2026 close
META Theta Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness4 / 10
Sizing: Conservative
Primary: Consider put credit spreads or cash-secured puts with defined risk; avoid naked short premium
Invalidation: Extreme 0DTE put skew signals tail risk; invalidates if VIX spikes above 20 or spot breaks $547.32
Confidence:
6.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.7% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV 54.4% vs VIX 16.4, elevated options prices
Favorable?
No

Term structure: Extreme put skew 0DTE (put IV 552 vs call 183), tail risk hedging; near-term backwardation

⚠️Extreme put skew on 0DTE, risk of large moves

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+39.9M)

OI concentrations: Max pain $588 (Jun18), $580 (Jun22), $575 (Jun24); call wall $700-$800

Verdict: Moderate pinning risk to max pain, downside unprotected below spot

Premium Opportunities

#1
Iron condor
Sell 2026-07-24 $550.00/$520.00 put wing and $620.00/$660.00 call wing
Sell put and call wings to capture time decay within support/resistance.
Credit: $11.68-$14.27
Max loss: $25.73
BE: 535.73 / 634.27
Mgmt: Close at 50% max profit or before earnings on 2026-07-29 if profitable.
#2
Put credit spread
Sell 2026-07-24 $545.00/$505.00 put spread
Sell put spread above support to collect premium.
Credit: $6.39-$7.81
Max loss: $32.19
BE: $537.19
Mgmt: Exit if spot breaks $547.32 support; close at 50% max profit or before earnings.

Risk Alerts

!Extreme 0DTE put IV suggests tail risk
!Spot below max pain $588, potential upside drift
!Support at $547.32, resistance at $587.5/$600
How to Use These Reports
This theta reflects the market close on June 18, 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.