thetaOwl
HomeOptionsMETAReports

META

Meta Platforms, Inc.Close $736.59EOD only
Max Pain
$707.50
Next expiry Sep 23, 2026
Expected Move
±$7.68
1.0% from close
Price Gap
-29.09
Distance to max pain
IV Rank
8
Low premium
P/C OI
0.43
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Sep 22, 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 22, 2026 close
META Theta Report
Analysis based on market close June 24, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 24, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness5 / 10
Sizing: Moderate
Primary: Short premium
Invalidation: Break above $578 max pain or VIX spike above 20
Confidence:
5 / 10
base 5; +2 GEX/flow strongly aligned; +0.5 spot 1.3% from MP; +0.5 VIX 19; override: High risk: negative gamma, spot below max pain, sharp reversals possible

IV Environment

IV Regime
High
IV vs VIX
Avg IV 50.5% well above VIX 18.6%, rich premium.
Favorable?
Yes

Term structure: Front-end elevated, back-end contango, steepness suggests near-term event risk.

📈Call OI wall $625-$800 caps upside.
⚠️Negative GEX -$4M indicates dealer short gamma.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-4.0M)

OI concentrations: Max pain pins: $565, $578, $570. No put OI below spot.

Verdict: Pin risk at $565 localized; $578 and $570 key.

Premium Opportunities

#1
Iron condor
Sell 2026-07-24 $550.00/$540.00 put wing and $575.00/$580.00 call wing
Sell $550/$540 put wing and $575/$580 call wing for rich premium.
Credit: $5.11-$6.24
Max loss: $3.76
BE: 543.76 / 581.24
Mgmt: Monitor near $565; adjust wings if spot approaches strikes.

Risk Alerts

!High IV, negative gamma, spot below max pain, risk of sharp intraday reversals.
How to Use These Reports
This theta reflects the market close on June 24, 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.