META Options History — February 2023

In February 2023, META traded between $153.33 and $191.69. ATM implied volatility averaged 41.7%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded below realized volatility by 33.5% (HV 20d: 75.2%). Max pain ranged from $115.00 to $150.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.71.

Notable Days

  • 2023-02-02: Highest Volume — 2,228,402 contracts
  • 2023-02-02: Largest IV drop — 22.2% change
  • 2023-02-24: Highest IV Rank — 37.6%
  • 2023-02-01: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$176.51$153.33$191.69$153.33$176.38
Max Pain$141.84$115.00$150.00$115.00$150.00
ATM IV41.7%39.0%52.5%52.5%39.4%
Expected Move12.1%11.1%18.3%18.3%11.4%
HV 20d75.2%29.2%79.8%29.2%78.8%
HV 60d57.1%45.7%60.0%45.7%56.3%
IV Rank18.3%11.6%37.6%20.2%35.0%
IV Percentile31.2%23.0%65.1%65.1%23.0%
Term Structure-0.3%-2.9%1.0%-2.9%-0.7%
VWIV42.9%39.2%65.6%65.6%40.5%
Skew 25d2.8%0.4%4.4%4.4%3.4%
Skew 10d5.3%0.2%8.6%8.6%6.6%
Call IV 25d40.9%37.3%50.7%50.7%38.2%
Put IV 25d43.7%40.8%55.2%55.2%41.6%
Bid-Ask Spread %1.600.902.912.881.00
Gamma HHI0.050.040.120.040.04
Net GEX133.6M29.5M274.8M145.5M187.5M
Net DEX-12.78B-21.49B-7.87B-9.46B-10.39B
Net VEX-70.8M-74.2M-59.5M-59.5M-73.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.481.130.910.49
Total Volume602,959.737287,2582,228,402638,192565,010
Total OI3,240,882.6322,851,8113,632,1443,042,4682,920,547

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$153.33$115.0052.5%18.3%29.2%20.2%65.6%4.4%-2.9%145.5M-9.46B-59.5M0.912.88333,536304,6561,898,5321,143,936
2023-02-02$187.00$135.0040.8%11.5%73.0%12.8%41.7%0.4%-1.1%274.8M-21.49B-65.7M0.652.911,351,561876,8412,006,4051,282,103
2023-02-03$186.92$140.0042.3%12.0%73.2%13.7%42.9%0.5%-0.7%159.4M-19.43B-70.9M0.671.42760,460506,6482,121,1031,511,041
2023-02-06$185.98$140.0041.9%11.9%73.7%13.4%42.5%1.3%-0.1%177.1M-16.37B-71.4M0.531.35383,625203,6611,943,6301,277,555
2023-02-07$191.69$140.0041.3%11.9%73.4%13.1%42.6%0.9%0.1%245.1M-18.44B-74.2M0.661.28352,987231,6852,001,1731,333,070
2023-02-08$183.78$140.0041.3%11.9%76.6%13.1%42.3%1.7%0.2%149.7M-15.47B-72.9M0.742.74281,766207,2452,036,0401,372,184
2023-02-09$177.88$140.0043.0%12.3%78.3%14.2%44.3%2.5%-0.1%86.3M-13.26B-71.8M0.762.67349,120263,6392,070,0041,393,467
2023-02-10$174.27$140.0042.9%12.4%79.0%14.1%44.4%2.9%0.3%68.7M-11.86B-70.5M0.992.53325,155320,5502,089,6901,416,273
2023-02-13$179.21$140.0043.6%12.5%79.1%14.5%44.6%3.3%0.1%148.0M-14.00B-72.0M0.811.05244,754198,1461,959,0001,308,511
2023-02-14$179.69$140.0040.1%11.5%78.7%12.3%40.7%3.2%0.4%156.2M-14.12B-71.9M0.832.50170,822141,7812,000,5501,354,308
2023-02-15$176.47$145.0039.4%11.3%78.8%11.8%40.0%2.6%0.4%115.8M-12.93B-70.0M0.630.90254,811161,5852,019,7291,373,441
2023-02-16$172.68$145.0039.7%11.3%79.7%12.0%40.5%3.5%1.0%78.2M-11.43B-70.8M0.661.04268,132178,2892,049,7141,401,120
2023-02-17$172.43$145.0039.0%11.1%79.8%11.6%39.2%3.5%0.5%29.5M-11.36B-72.0M1.131.05199,959225,5162,094,9671,428,134
2023-02-21$172.90$145.0042.4%12.0%79.6%13.8%42.6%3.9%-0.7%107.3M-9.11B-72.1M0.481.05347,469166,2851,773,5661,078,245
2023-02-22$170.99$145.0041.8%11.8%79.8%13.3%41.3%3.9%-0.6%120.8M-8.51B-72.2M0.630.97223,378139,8271,874,7941,110,813
2023-02-23$172.82$150.0039.7%11.2%79.6%35.7%39.2%3.9%-0.6%155.8M-9.21B-72.2M0.661.01173,388114,8251,889,5441,126,684
2023-02-24$169.94$150.0040.8%11.4%79.6%37.6%40.2%3.9%-0.7%35.1M-8.13B-71.6M0.711.06199,685142,1801,913,5241,137,554
2023-02-27$169.31$150.0040.0%11.4%78.9%36.2%40.1%4.0%-0.6%97.9M-7.87B-70.6M0.501.05190,93696,3221,795,1541,070,665
2023-02-28$176.38$150.0039.4%11.4%78.8%35.0%40.5%3.4%-0.7%187.5M-10.39B-73.4M0.491.00379,082185,9281,836,8821,083,665