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META

Meta Platforms, Inc.Close $550.25EOD only
Max Pain
$560.00
Next expiry Jun 29, 2026
Expected Move
±$10.15
1.8% from close
Price Gap
+9.75
Distance to max pain
IV Rank
6
Low premium
P/C OI
0.42
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Jun 26, 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 26, 2026 close
META Theta Report
Analysis based on market close June 29, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short Call Spread
Invalidation: Spot breaks above $597.47 resistance or below $552.5 support
Confidence:
6.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.8% from MP; +1 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
avg IV 49.12 vs VIX 17.65, extremely elevated
Favorable?
Yes

Term structure: Front-month IV spikes (call IV 67% on Jul2), steep contango from 0d to 2d, backwardation thereafter

📈Call IV elevated 2-18 DTE (e.g., 67% on Jul2), skew favors call selling
📍Max pain pin at $552 across multiple expirations, GEX positive $64M
⚠️Put/call OI ratio low (0.43) indicates call-heavy positioning

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+64.0M)

OI concentrations: Max pain $552 (Jun29, Jul1, Jul2); Put OI absent below 30% spot; Call OI wall $700-$800; GEX +$64M

Verdict: Low pin risk due to gamma flip null and support at $552.5, but call wall may cap upside

Premium Opportunities

#1
Iron condor
Sell 2026-07-31 $510.00/$475.00 put wing and $640.00/$690.00 call wing
Sells OTM wings to profit from volatility crush and range-bound price.
Credit: $9.20-$11.25
Max loss: $38.75
BE: 498.75 / 651.25
Mgmt: Close at 50% max gain or if spot breaks support/resistance.
#2
Put credit spread
Sell 2026-07-31 $510.00/$475.00 put spread
Sells OTM put spread to collect premium with high probability.
Credit: $5.05-$6.18
Max loss: $28.82
BE: $503.82
Mgmt: Monitor support; can roll down if tested.
#3
PMCC / LEAPS diagonal
Buy 2026-09-18 $500.00 call + sell 2026-07-24 $615.00 call
Buy LEAPS call, sell near-term call against it.
Debit: $70.67-$86.38
Max loss: $86.38
BE: Path-dependent
Mgmt: Adjust short leg on IV spikes; roll to avoid early assignment.

Risk Alerts

!High call skew may lead to rapid IV crush on expiration
!Spot above max pain, potential drift lower if selling pressure increases
!Event risk on weekly expirations with elevated front-end IV
How to Use These Reports
This theta reflects the market close on June 29, 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.