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META

Meta Platforms, Inc.Close $589.90EOD only
Max Pain
$570.00
Next expiry Aug 7, 2026
Expected Move
±$10.40
1.8% from close
Price Gap
-19.90
Distance to max pain
IV Rank
11
Low premium
P/C OI
0.43
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Aug 6, 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 6, 2026 close
META Theta Report
Analysis based on market close June 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 23, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Short call credit spreads near resistance
Invalidation: Break below 528.78 support or above 595.63 resistance
Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.4% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
Elevated relative to VIX (50.77 vs 19.49)
Favorable?
Yes

Term structure: Near-term IV spikes in 3d and 9d exp; call skew dominant

📈IV at 50.77, ~2.6x VIX, rich for premium selling
⚠️Term structure has erratic near-term spikes; caution on weeklies

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+18.4M)

OI concentrations: Max pain pins: $570, $580, $572; Call OI wall $625-$800; no put OI below spot

Verdict: Pinning regime with call wall above; spot below max pain, upward drift likely

Premium Opportunities

#1
Put credit spread
Sell 2026-07-31 $520.00/$470.00 put spread
Sell 520/470 put spread expiring after earnings, capturing premium from upward drift.
Credit: $7.99-$9.76
Max loss: $40.24
BE: $510.24
Mgmt: Manage if spot approaches 528.78 invalidation; roll or close at 50% max gain.
#2
Cash-secured put
Sell 2026-08-21 $530.00 cash-secured put
Sell 530 put expiring 2026-08-21, benefiting from bullish bias and time decay.
Credit: $18.36-$22.44
Max loss: $507.56
BE: $507.56
Mgmt: Monitor invalidation level 528.78; consider rolling if threatened.

Risk Alerts

!Call skew in near-term expirations inflates call premiums
!Positive GEX ($18.4M) may pin spot to max pain levels
How to Use These Reports
This theta reflects the market close on June 23, 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.