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META

Meta Platforms, Inc.Close $588.77EOD only

Max Pain

$570.00

Next expiry Aug 7, 2026

Expected Move

±$16.45

2.8% from close

Price Gap

-18.77

Distance to max pain

IV Rank

9

Low premium

P/C OI

0.43

Slightly call-heavy

Consensus

6.5/10

Range bias

Published snapshot: Aug 5, 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

Aug 5, 2026 close

META Theta Report

Analysis based on market close June 22, 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 22, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

6 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 VIX 17

IV Environment

IV Regime

High

IV vs VIX

Avg IV 50.7% vs VIX 17.28 – high premium

Favorable?

Yes

Term structure: 0DTE IV low (6.75%) due to pinning; next expirations elevated 33-37%

⚠️Pinning gamma positive but net dealer premium short – manage size

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+8.7M)

OI concentrations: Max pain pins: $578 (6/22), $575 (6/24), $585 (6/26). Call wall $625-$800

Verdict: Moderate – spot below max pain, gamma supports move up, but call OI caps

Premium Opportunities

#1

Iron condor

Sell 2026-07-24 $545.00/$540.00 put wing and $580.00/$585.00 call wing

Sell $545/$540 put and $580/$585 call for $3.96 credit, max loss $1.04, expressing neutral-to-bullish bias.

Credit: $3.24-$3.96

Max loss: $1.04

BE: 541.04 / 583.96

Mgmt: Close at 50% max profit or before earnings; adjust if spot approaches strikes.

#2

Put credit spread

Sell 2026-07-31 $545.00/$540.00 put spread

Sell $545/$540 put spread for $2.42 credit, targeting price above $545 via support and positive gamma.

Credit: $1.98-$2.42

Max loss: $2.58

BE: $542.58

Mgmt: Exit at 50% profit or hold through earnings; stop at $529.22.

Risk Alerts

!0DTE IV very low (6.75%) – avoid naked short

!Net dealer premium negative: $57.7M short – potential large gamma exposure

How to Use These Reports

This theta reflects the market close on June 22, 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.