META Options History — March 2023

In March 2023, META traded between $174.30 and $210.68. ATM implied volatility averaged 43.3%, placing in the 37.3% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 3.4% (HV 20d: 39.9%). Max pain ranged from $150.00 to $190.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.69.

Notable Days

2023-03-03: Highest Volume — 963,600 contracts
2023-03-27: Largest IV spike — 11.4% change
2023-03-30: Highest IV Rank — 54.0%
2023-03-17: Largest Expected Move — 12.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$193.92	$174.30	$210.68	$174.30	$210.68
Max Pain	$177.28	$150.00	$190.00	$150.00	$190.00
ATM IV	43.3%	38.4%	52.2%	39.7%	51.4%
Expected Move	11.4%	9.9%	12.3%	11.4%	9.9%
HV 20d	39.9%	31.0%	79.2%	79.2%	31.0%
HV 60d	53.9%	51.8%	57.0%	56.2%	51.8%
IV Rank	37.3%	27.6%	54.0%	35.7%	52.2%
IV Percentile	38.7%	20.2%	69.8%	24.2%	68.3%
Term Structure	2.3%	-1.4%	12.2%	-0.6%	0.6%
VWIV	40.1%	35.6%	44.1%	39.9%	35.6%
Skew 25d	4.8%	2.2%	6.2%	3.3%	5.9%
Skew 10d	9.1%	3.9%	12.0%	6.0%	11.6%
Call IV 25d	41.1%	37.3%	50.0%	38.6%	48.3%
Put IV 25d	45.9%	40.3%	56.2%	41.8%	54.2%
Bid-Ask Spread %	2.22	1.02	4.85	1.02	1.92
Gamma HHI	0.07	0.05	0.21	0.06	0.16
Net GEX	245.3M	86.4M	391.7M	165.9M	383.7M
Net DEX	-13.67B	-18.90B	-9.42B	-9.42B	-16.50B
Net VEX	-81.0M	-87.5M	-72.8M	-72.8M	-87.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.69	0.46	0.90	0.46	0.64
Total Volume	421,051	217,089	963,600	413,946	495,191
Total OI	2,946,709.043	2,634,660	3,274,773	2,995,813	2,907,682

Daily Data (23 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
2023-03-01	$174.30	$150.00	39.7%	11.4%	79.2%	35.7%	39.9%	3.3%	-0.6%	165.9M	-9.42B	-72.8M	0.46	1.02	283,887	130,059	1,877,208	1,118,605
2023-03-02	$174.67	$150.00	38.7%	10.9%	78.7%	33.7%	38.5%	3.5%	-0.6%	178.8M	-9.56B	-72.9M	0.71	1.04	165,438	117,091	1,912,582	1,128,998
2023-03-03	$184.86	$150.00	38.9%	11.3%	38.8%	34.1%	39.9%	2.2%	-0.3%	391.7M	-13.99B	-75.4M	0.68	1.42	575,006	388,594	1,915,859	1,150,979
2023-03-06	$185.79	$175.00	38.9%	11.0%	38.9%	34.1%	38.4%	2.9%	-0.4%	239.7M	-13.17B	-75.8M	0.57	2.32	240,036	137,721	1,860,270	1,115,287
2023-03-07	$185.37	$175.00	39.2%	11.1%	38.8%	34.7%	38.9%	2.5%	-0.4%	230.0M	-12.92B	-76.2M	0.55	2.65	265,674	146,365	1,883,381	1,138,003
2023-03-08	$185.03	$175.00	38.4%	10.9%	37.1%	33.2%	38.2%	3.0%	-0.2%	230.0M	-12.72B	-75.9M	0.87	1.98	131,001	114,316	1,917,908	1,161,387
2023-03-09	$181.13	$175.00	40.5%	11.4%	34.8%	30.4%	39.8%	3.2%	-0.6%	155.9M	-11.08B	-75.5M	0.66	3.38	206,365	136,017	1,929,211	1,172,770
2023-03-10	$179.09	$175.00	42.0%	11.8%	33.0%	32.4%	41.6%	4.3%	-0.4%	86.4M	-10.09B	-75.7M	0.90	2.74	238,099	214,225	1,943,307	1,179,242
2023-03-13	$181.88	$175.00	42.9%	12.2%	32.4%	34.2%	43.1%	5.5%	-0.2%	192.1M	-11.31B	-75.8M	0.81	2.89	155,243	125,932	1,860,672	1,109,378
2023-03-14	$191.57	$175.00	41.3%	11.8%	35.9%	30.7%	41.0%	4.8%	-0.0%	289.8M	-14.90B	-78.9M	0.72	2.56	382,345	274,885	1,884,697	1,132,864
2023-03-15	$196.64	$175.00	43.0%	12.3%	36.8%	34.3%	43.4%	5.5%	-0.3%	312.8M	-16.53B	-82.5M	0.63	4.85	369,409	231,803	1,930,428	1,198,862
2023-03-16	$202.64	$175.00	41.6%	11.8%	36.8%	31.4%	41.9%	5.2%	-0.3%	352.8M	-18.90B	-84.3M	0.51	2.51	474,749	240,323	1,952,904	1,241,374
2023-03-17	$197.95	$180.00	43.6%	12.3%	37.0%	35.8%	44.1%	6.2%	-0.8%	130.0M	-16.59B	-84.4M	0.59	1.94	363,700	215,141	1,982,778	1,291,995
2023-03-20	$197.24	$180.00	42.1%	12.0%	37.1%	32.6%	42.4%	5.8%	10.7%	209.5M	-12.46B	-84.1M	0.60	2.25	146,710	87,932	1,652,839	981,821
2023-03-21	$202.45	$185.00	40.0%	11.4%	37.7%	27.7%	40.1%	5.6%	12.1%	253.0M	-14.16B	-84.6M	0.56	2.14	187,489	105,399	1,677,476	1,019,951
2023-03-22	$202.43	$185.00	39.9%	11.4%	37.1%	27.6%	40.0%	5.6%	12.2%	256.5M	-14.06B	-85.0M	0.70	2.23	200,635	140,079	1,693,605	1,040,443
2023-03-23	$204.28	$185.00	43.1%	11.7%	37.1%	34.5%	41.5%	5.5%	11.7%	277.5M	-14.60B	-85.8M	0.71	2.21	247,357	175,849	1,711,588	1,068,329
2023-03-24	$206.06	$187.50	45.1%	11.6%	35.9%	38.7%	41.3%	5.2%	12.2%	284.1M	-15.38B	-87.5M	0.72	1.70	254,978	184,579	1,751,594	1,103,356
2023-03-27	$203.05	$190.00	50.2%	11.4%	36.7%	49.7%	39.5%	6.2%	-1.4%	221.9M	-13.56B	-85.8M	0.81	2.10	119,882	97,207	1,685,320	1,048,301
2023-03-28	$199.84	$190.00	51.2%	11.1%	35.7%	51.8%	38.4%	5.9%	0.3%	196.8M	-12.45B	-84.7M	0.82	1.65	127,226	104,808	1,710,194	1,071,910
2023-03-29	$205.53	$190.00	52.2%	10.6%	35.8%	54.0%	37.1%	5.9%	-0.5%	285.5M	-14.58B	-85.2M	0.76	1.76	135,077	103,326	1,727,302	1,081,359
2023-03-30	$207.65	$190.00	52.2%	10.4%	35.7%	54.0%	36.9%	5.7%	0.3%	317.4M	-15.41B	-86.5M	0.81	1.81	246,591	200,434	1,752,553	1,097,736
2023-03-31	$210.68	$190.00	51.4%	9.9%	31.0%	52.2%	35.6%	5.9%	0.6%	383.7M	-16.50B	-87.4M	0.64	1.92	302,454	192,737	1,773,596	1,134,086