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META

Meta Platforms, Inc.Close $682.31EOD only

Max Pain

$615.00

Next expiry Sep 18, 2026

Expected Move

±$12.18

1.8% from close

Price Gap

-67.31

Distance to max pain

IV Rank

49

Middle-high premium

P/C OI

0.45

Slightly call-heavy

Consensus

6.5/10

Range bias

Published snapshot: Sep 17, 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 17, 2026 close

META Theta Report

Analysis based on market close June 18, 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 18, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

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.