META Options History — November 2022

In November 2022, META traded between $89.50 and $117.47. ATM implied volatility averaged 46.9%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 57.5% (HV 20d: 104.5%). Max pain ranged from $95.00 to $110.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.16.

Notable Days

2022-11-02: Highest Volume — 1,740,826 contracts
2022-11-04: Largest IV drop — 5.4% change
2022-11-01: Highest IV Rank — 19.0%
2022-11-01: Largest Expected Move — 15.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$106.46	$89.50	$117.47	$95.66	$117.47
Max Pain	$98.33	$95.00	$110.00	$110.00	$100.00
ATM IV	46.9%	42.4%	50.7%	50.7%	42.4%
Expected Move	13.8%	12.4%	15.6%	15.6%	13.0%
HV 20d	104.5%	53.0%	120.8%	108.9%	57.2%
HV 60d	75.8%	72.0%	77.9%	73.0%	77.9%
IV Rank	16.7%	13.7%	19.0%	19.0%	13.7%
IV Percentile	47.6%	35.7%	57.4%	57.4%	35.7%
Term Structure	0.0%	-1.3%	1.7%	-0.4%	0.0%
VWIV	48.7%	43.4%	55.1%	55.1%	46.4%
Skew 25d	4.3%	3.1%	5.2%	3.5%	3.8%
Skew 10d	8.2%	5.7%	10.1%	5.7%	7.3%
Call IV 25d	45.4%	40.9%	49.7%	49.7%	41.3%
Put IV 25d	49.7%	45.0%	53.2%	53.2%	45.0%
Bid-Ask Spread %	1.19	0.99	1.63	1.54	1.20
Gamma HHI	0.06	0.04	0.14	0.06	0.06
Net GEX	86.6M	-34.6M	168.8M	50.5M	146.8M
Net DEX	-1.98B	-6.04B	3.83B	2.75B	-5.16B
Net VEX	-47.0M	-54.9M	-33.6M	-36.3M	-52.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.16	0.45	2.66	0.45	1.43
Total Volume	844,376.571	149,723	1,740,826	1,207,657	769,817
Total OI	4,034,918.333	3,654,253	4,404,706	3,932,332	3,755,019

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-11-01	$95.66	$110.00	50.7%	15.6%	108.9%	19.0%	55.1%	3.5%	-0.4%	50.5M	2.75B	-36.3M	0.45	1.54	830,253	377,404	2,742,349	1,189,983
2022-11-02	$91.52	$110.00	49.3%	15.0%	109.0%	18.2%	53.2%	4.6%	0.0%	-8.4M	3.83B	-34.3M	1.50	1.62	696,194	1,044,632	2,852,061	1,264,174
2022-11-03	$89.50	$100.00	50.1%	14.6%	108.8%	18.7%	51.7%	4.0%	-0.1%	-34.6M	3.75B	-33.6M	0.86	1.05	511,501	441,551	2,925,771	1,256,673
2022-11-04	$90.75	$100.00	47.4%	14.0%	109.2%	17.0%	49.4%	3.3%	0.1%	-1.3M	3.03B	-35.2M	0.97	1.06	492,376	477,910	3,046,768	1,272,847
2022-11-07	$96.31	$95.00	49.4%	14.5%	112.5%	18.3%	51.0%	4.5%	1.2%	70.6M	847.4M	-40.1M	0.71	0.99	550,148	388,879	2,746,015	1,190,018
2022-11-08	$96.63	$95.00	48.6%	14.4%	112.2%	17.7%	49.2%	4.9%	1.7%	80.6M	705.5M	-40.9M	2.66	1.01	319,739	850,180	2,817,140	1,254,347
2022-11-09	$101.37	$95.00	49.3%	14.5%	114.3%	18.2%	51.4%	3.9%	1.3%	140.8M	-1.27B	-44.5M	1.04	1.33	769,682	803,437	2,861,719	1,264,644
2022-11-10	$112.15	$95.00	48.3%	14.2%	120.8%	17.5%	50.7%	3.1%	1.4%	168.8M	-5.79B	-51.3M	0.83	1.18	741,997	616,574	2,930,810	1,346,899
2022-11-11	$113.07	$95.00	46.9%	13.6%	120.8%	16.6%	48.8%	3.8%	1.1%	165.7M	-6.04B	-52.0M	1.00	1.18	572,488	571,342	2,943,561	1,461,145
2022-11-14	$114.65	$95.00	48.0%	13.9%	119.0%	17.3%	49.7%	4.4%	-0.6%	130.8M	-4.87B	-52.2M	1.05	1.19	332,968	350,135	2,780,444	1,276,743
2022-11-15	$116.91	$95.00	48.6%	14.0%	119.4%	17.7%	49.1%	5.1%	-1.3%	140.4M	-5.73B	-54.9M	0.74	1.24	419,486	308,950	2,822,966	1,341,928
2022-11-16	$113.16	$95.00	48.3%	13.9%	119.7%	17.6%	49.1%	5.2%	-0.2%	105.1M	-4.19B	-53.6M	2.06	1.11	255,076	525,423	2,877,159	1,378,876
2022-11-17	$111.29	$95.00	48.1%	13.8%	119.8%	17.4%	49.1%	4.6%	-0.5%	75.9M	-3.33B	-52.5M	1.36	1.12	282,146	384,679	2,895,226	1,399,154
2022-11-18	$112.21	$95.00	46.3%	13.3%	119.9%	16.3%	46.1%	4.2%	-0.4%	141.0M	-3.90B	-52.6M	0.82	1.02	410,255	334,780	2,922,843	1,406,925
2022-11-21	$109.95	$95.00	46.2%	13.3%	119.9%	16.2%	46.7%	4.7%	-0.8%	63.0M	-2.49B	-50.7M	1.36	1.11	187,293	254,658	2,485,737	1,181,902
2022-11-22	$111.21	$100.00	44.6%	12.9%	117.8%	15.1%	45.0%	4.6%	-0.8%	77.7M	-2.95B	-50.7M	1.53	1.11	283,654	434,146	2,543,707	1,215,911
2022-11-23	$112.04	$100.00	43.0%	12.4%	116.5%	14.1%	43.4%	4.8%	-0.8%	100.5M	-3.30B	-51.4M	1.85	1.63	184,543	341,558	2,595,390	1,238,927
2022-11-25	$111.34	$100.00	42.7%	12.5%	57.1%	13.9%	43.5%	4.3%	-0.5%	76.0M	-3.03B	-50.4M	0.51	1.08	98,843	50,880	2,611,384	1,262,053
2022-11-28	$108.78	$100.00	43.7%	13.1%	58.0%	14.6%	46.4%	4.8%	0.5%	61.2M	-2.06B	-48.1M	0.84	1.05	135,853	114,319	2,477,570	1,176,683
2022-11-29	$109.65	$100.00	43.5%	13.2%	53.0%	14.5%	47.3%	4.8%	-0.1%	67.2M	-2.34B	-48.8M	0.79	1.17	120,794	95,365	2,512,951	1,206,863
2022-11-30	$117.47	$100.00	42.4%	13.0%	57.2%	13.7%	46.4%	3.8%	0.0%	146.8M	-5.16B	-52.4M	1.43	1.20	317,270	452,547	2,533,214	1,221,805