META Options History — January 2023

In January 2023, META traded between $124.69 and $152.20. ATM implied volatility averaged 60.1%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 17.1%. IV traded above realized volatility by 22.3% (HV 20d: 37.8%). Max pain ranged from $105.00 to $120.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 1.04.

Notable Days

2023-01-27: Highest Volume — 607,285 contracts
2023-01-31: Largest IV spike — 6.8% change
2023-01-05: Highest IV Rank — 29.9%
2023-01-31: Largest Expected Move — 20.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$137.25	$124.69	$152.20	$124.69	$148.64
Max Pain	$108.95	$105.00	$120.00	$119.00	$115.00
ATM IV	60.1%	53.7%	67.7%	65.1%	59.9%
Expected Move	17.1%	13.4%	20.9%	13.7%	20.9%
HV 20d	37.8%	28.2%	51.2%	51.1%	30.4%
HV 60d	69.8%	45.9%	78.4%	78.4%	45.9%
IV Rank	25.1%	21.0%	29.9%	28.3%	24.9%
IV Percentile	75.7%	65.9%	90.1%	82.9%	74.6%
Term Structure	-3.1%	-4.3%	-2.3%	-2.3%	-3.2%
VWIV	60.3%	47.6%	73.8%	48.6%	73.8%
Skew 25d	5.4%	4.3%	6.4%	6.1%	6.4%
Skew 10d	10.1%	8.4%	12.1%	11.3%	12.1%
Call IV 25d	57.9%	52.3%	65.8%	64.4%	56.6%
Put IV 25d	63.3%	57.1%	71.2%	70.4%	63.0%
Bid-Ask Spread %	1.49	1.07	3.99	1.13	1.20
Gamma HHI	0.09	0.04	0.54	0.05	0.04
Net GEX	166.2M	106.0M	432.5M	125.5M	111.4M
Net DEX	-7.50B	-10.74B	-5.20B	-5.20B	-8.23B
Net VEX	-55.0M	-58.8M	-51.7M	-53.6M	-58.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.04	0.48	2.69	0.62	0.69
Total Volume	410,193.3	243,435	607,285	451,930	342,085
Total OI	3,258,211.55	2,636,202	3,643,548	3,290,129	2,941,169

Daily Data (20 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
2023-01-03	$124.69	$119.00	65.1%	13.7%	51.1%	28.3%	48.6%	6.1%	-2.3%	125.5M	-5.20B	-53.6M	0.62	1.13	279,568	172,362	2,247,886	1,042,243
2023-01-04	$126.60	$120.00	67.3%	13.4%	51.2%	29.7%	47.6%	6.2%	-3.3%	150.1M	-5.88B	-54.6M	1.17	1.20	254,912	298,369	2,310,137	1,099,746
2023-01-05	$127.50	$105.00	67.7%	18.1%	45.3%	29.9%	62.8%	5.3%	-3.1%	147.6M	-5.99B	-55.0M	0.99	1.35	175,024	173,311	2,329,707	1,148,974
2023-01-06	$130.19	$105.00	65.7%	17.5%	45.3%	28.7%	60.9%	6.0%	-3.3%	432.5M	-7.21B	-54.8M	0.97	1.17	278,430	269,374	2,349,168	1,170,625
2023-01-09	$129.87	$105.00	64.7%	17.5%	45.3%	28.0%	62.3%	5.8%	-2.8%	123.3M	-6.11B	-53.9M	0.98	1.42	177,073	172,923	2,247,216	1,097,609
2023-01-10	$132.79	$105.00	63.6%	17.1%	45.7%	27.3%	61.7%	5.4%	-3.3%	149.0M	-7.12B	-55.6M	0.85	1.27	186,815	159,260	2,309,213	1,151,984
2023-01-11	$132.64	$105.00	62.9%	17.1%	45.0%	26.9%	61.9%	5.5%	-3.4%	149.0M	-7.06B	-55.5M	2.69	1.07	108,469	291,934	2,348,182	1,187,307
2023-01-12	$136.72	$105.00	59.9%	16.6%	42.7%	24.9%	58.6%	5.2%	-2.4%	226.3M	-8.59B	-55.6M	1.18	1.44	245,671	289,606	2,358,494	1,212,776
2023-01-13	$136.92	$105.00	58.0%	16.1%	42.7%	23.7%	56.6%	5.0%	-2.4%	124.3M	-8.63B	-54.6M	0.99	1.33	207,933	205,322	2,387,513	1,256,035
2023-01-17	$135.34	$105.00	58.3%	16.6%	36.8%	23.9%	59.0%	5.5%	-3.5%	138.1M	-7.39B	-52.8M	1.00	1.19	121,795	121,640	2,296,851	1,162,292
2023-01-18	$133.20	$105.00	57.7%	16.5%	35.5%	23.5%	58.8%	5.6%	-3.1%	121.6M	-6.58B	-51.7M	2.31	1.19	140,016	323,114	2,329,474	1,182,973
2023-01-19	$136.47	$105.00	59.6%	17.3%	30.5%	24.8%	60.5%	4.9%	-4.3%	164.6M	-7.81B	-53.3M	1.08	1.70	218,586	235,025	2,353,664	1,210,692
2023-01-20	$139.24	$110.00	58.5%	17.2%	30.4%	24.1%	61.0%	5.1%	-4.1%	238.3M	-8.85B	-54.7M	0.69	1.76	295,246	203,665	2,384,179	1,258,475
2023-01-23	$143.00	$110.00	56.5%	17.2%	30.8%	22.8%	60.3%	5.3%	-2.9%	121.8M	-7.47B	-55.2M	0.70	1.61	197,343	138,899	1,701,032	935,170
2023-01-24	$142.43	$110.00	55.6%	17.2%	28.2%	22.2%	59.2%	5.3%	-2.9%	117.1M	-7.22B	-54.6M	0.69	1.19	173,040	119,454	1,738,791	984,133
2023-01-25	$141.77	$110.00	56.1%	17.6%	28.7%	22.5%	62.2%	5.3%	-3.0%	106.0M	-7.01B	-54.3M	1.10	3.99	153,388	168,184	1,789,028	1,016,760
2023-01-26	$146.88	$110.00	55.1%	17.5%	29.6%	21.9%	62.1%	4.8%	-3.2%	220.0M	-8.83B	-55.9M	0.75	1.53	228,220	172,163	1,820,929	1,053,012
2023-01-27	$152.20	$110.00	53.7%	17.3%	29.4%	21.0%	61.1%	4.3%	-2.9%	244.6M	-10.74B	-57.6M	0.48	1.70	410,025	197,260	1,850,159	1,091,090
2023-01-30	$147.94	$115.00	56.0%	19.0%	31.1%	22.5%	67.7%	5.1%	-2.5%	112.1M	-8.16B	-57.3M	0.91	1.40	156,002	142,360	1,795,049	1,014,494
2023-01-31	$148.64	$115.00	59.9%	20.9%	30.4%	24.9%	73.8%	6.4%	-3.2%	111.4M	-8.23B	-58.8M	0.69	1.20	201,895	140,190	1,859,368	1,081,801