META Options History — December 2022

In December 2022, META traded between $113.76 and $123.19. ATM implied volatility averaged 46.2%, placing in the 16.2% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 5.2% (HV 20d: 51.4%). Max pain ranged from $100.00 to $120.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.13.

Notable Days

2022-12-16: Highest Volume — 876,999 contracts
2022-12-27: Largest IV spike — 7.9% change
2022-12-30: Highest IV Rank — 21.5%
2022-12-12: Largest Expected Move — 13.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$117.95	$113.76	$123.19	$120.59	$119.66
Max Pain	$117.52	$100.00	$120.00	$100.00	$119.00
ATM IV	46.2%	41.9%	54.5%	42.3%	54.5%
Expected Move	13.1%	12.5%	13.5%	13.0%	13.1%
HV 20d	51.4%	42.2%	56.9%	53.6%	49.5%
HV 60d	77.5%	76.1%	78.5%	78.1%	77.9%
IV Rank	16.2%	13.4%	21.5%	13.7%	21.5%
IV Percentile	50.0%	34.9%	72.2%	35.3%	72.2%
Term Structure	3.3%	-1.5%	15.3%	0.1%	15.3%
VWIV	45.4%	42.5%	46.8%	46.5%	45.8%
Skew 25d	3.8%	2.8%	4.8%	3.7%	4.3%
Skew 10d	7.2%	5.2%	8.7%	6.5%	8.1%
Call IV 25d	44.5%	41.1%	48.3%	41.2%	47.3%
Put IV 25d	48.3%	43.9%	52.2%	44.9%	51.7%
Bid-Ask Spread %	1.02	0.72	1.30	1.27	1.18
Gamma HHI	0.06	0.03	0.21	0.07	0.14
Net GEX	106.0M	46.1M	200.2M	179.9M	128.7M
Net DEX	-4.10B	-7.51B	-2.06B	-6.35B	-3.79B
Net VEX	-52.9M	-56.0M	-50.5M	-54.2M	-51.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.13	0.51	2.73	0.95	0.70
Total Volume	450,075.952	188,668	876,999	689,588	295,102
Total OI	3,704,638	3,339,557	4,007,380	3,843,384	3,486,004

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
2022-12-01	$120.59	$100.00	42.3%	13.0%	53.6%	13.7%	46.5%	3.7%	0.1%	179.9M	-6.35B	-54.2M	0.95	1.27	353,568	336,020	2,574,265	1,269,119
2022-12-02	$123.19	$100.00	41.9%	12.8%	51.9%	13.4%	46.0%	2.8%	0.4%	200.2M	-7.51B	-56.0M	0.91	1.27	367,669	334,530	2,637,027	1,330,686
2022-12-05	$122.03	$120.00	43.4%	12.8%	52.7%	14.4%	45.0%	3.4%	1.1%	135.8M	-6.29B	-55.3M	0.69	0.88	219,926	151,069	2,549,049	1,248,366
2022-12-06	$114.63	$120.00	45.6%	13.2%	56.6%	15.8%	46.8%	3.8%	0.9%	68.1M	-3.40B	-52.6M	1.20	1.02	240,050	288,219	2,588,845	1,289,369
2022-12-07	$113.76	$120.00	46.2%	13.4%	56.9%	16.2%	45.1%	4.2%	1.2%	54.3M	-3.05B	-52.1M	2.73	0.95	152,557	416,358	2,605,203	1,314,614
2022-12-08	$115.57	$120.00	45.7%	13.3%	55.0%	15.8%	46.2%	4.4%	1.1%	81.8M	-3.82B	-52.7M	1.36	0.96	193,198	261,969	2,630,055	1,332,689
2022-12-09	$116.13	$120.00	45.5%	13.2%	42.2%	15.7%	44.4%	4.5%	1.4%	96.6M	-4.09B	-52.9M	1.14	0.86	190,691	216,786	2,651,884	1,355,496
2022-12-12	$114.41	$115.00	48.1%	13.5%	42.6%	17.4%	46.6%	4.8%	-1.5%	73.1M	-3.41B	-51.6M	0.92	0.76	98,277	90,391	2,505,558	1,232,455
2022-12-13	$120.59	$115.00	44.8%	12.8%	46.2%	15.3%	44.9%	4.3%	-0.5%	119.1M	-5.59B	-54.2M	0.73	0.72	268,586	197,262	2,529,845	1,257,461
2022-12-14	$121.64	$120.00	43.9%	12.6%	45.9%	14.7%	42.5%	3.4%	-0.0%	129.3M	-5.97B	-54.4M	1.57	0.90	245,687	386,383	2,575,186	1,305,400
2022-12-15	$115.10	$120.00	45.5%	12.9%	48.7%	15.7%	45.4%	3.8%	-0.5%	60.8M	-3.27B	-52.0M	0.77	0.85	220,772	170,691	2,620,470	1,336,788
2022-12-16	$120.03	$120.00	45.7%	13.0%	50.4%	15.9%	45.4%	3.0%	-0.6%	182.7M	-5.63B	-54.8M	1.11	0.95	414,864	462,135	2,647,128	1,349,069
2022-12-19	$114.65	$120.00	46.3%	13.3%	53.3%	16.3%	46.5%	3.7%	2.5%	46.1M	-2.06B	-51.6M	0.82	1.02	190,323	155,707	2,259,823	1,079,734
2022-12-20	$117.16	$120.00	45.8%	13.1%	53.2%	16.0%	46.5%	3.4%	2.5%	85.1M	-2.95B	-53.0M	0.68	1.13	214,207	146,491	2,314,612	1,119,356
2022-12-21	$119.63	$120.00	43.7%	12.5%	53.4%	14.6%	42.7%	3.2%	2.7%	138.8M	-3.93B	-53.9M	1.91	1.00	158,425	303,248	2,364,498	1,149,114
2022-12-22	$116.47	$120.00	46.6%	13.2%	54.5%	16.4%	45.9%	3.8%	1.8%	48.6M	-2.49B	-52.1M	1.15	1.30	176,134	201,835	2,378,067	1,169,721
2022-12-23	$117.85	$120.00	45.1%	12.6%	54.5%	15.5%	43.9%	3.6%	3.5%	117.9M	-3.08B	-52.3M	0.69	1.05	171,040	118,079	2,390,013	1,175,345
2022-12-27	$117.29	$120.00	48.6%	13.2%	53.7%	17.7%	46.3%	3.9%	10.4%	69.6M	-2.82B	-51.0M	0.51	1.13	142,397	73,289	2,267,399	1,078,122
2022-12-28	$115.84	$120.00	49.6%	13.4%	54.0%	18.3%	45.6%	3.9%	13.5%	60.7M	-2.43B	-50.5M	2.27	1.06	124,429	282,617	2,305,513	1,092,103
2022-12-29	$120.72	$119.00	51.1%	13.2%	50.3%	19.3%	45.7%	3.8%	14.2%	149.1M	-4.25B	-52.5M	0.92	1.11	219,560	201,054	2,332,614	1,099,333
2022-12-30	$119.66	$119.00	54.5%	13.1%	49.5%	21.5%	45.8%	4.3%	15.3%	128.7M	-3.79B	-51.9M	0.70	1.18	174,025	121,077	2,362,236	1,123,768