META Options History — July 2023

In July 2023, META traded between $286.29 and $324.40. ATM implied volatility averaged 47.7%, placing in the 42.4% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 18.4% (HV 20d: 29.3%). Max pain ranged from $220.00 to $280.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.57.

Notable Days

  • 2023-07-27: Highest Volume — 1,104,669 contracts
  • 2023-07-27: Largest IV drop — 35.0% change
  • 2023-07-25: Highest IV Rank — 55.2%
  • 2023-07-25: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$303.25$286.29$324.40$286.29$318.26
Max Pain$248.75$220.00$280.00$250.00$280.00
ATM IV47.7%32.1%53.5%45.9%32.9%
Expected Move13.0%8.3%16.5%8.3%9.4%
HV 20d29.3%25.5%35.4%25.9%35.4%
HV 60d33.2%25.9%36.7%34.6%27.6%
IV Rank42.4%7.6%55.2%38.3%9.3%
IV Percentile60.6%12.3%79.8%50.8%14.3%
Term Structure-2.5%-3.4%0.3%-2.3%-0.8%
VWIV46.1%29.7%58.0%29.7%34.3%
Skew 25d0.6%0.2%1.2%1.1%0.9%
Skew 10d1.8%0.7%2.6%2.6%2.6%
Call IV 25d47.9%32.2%52.9%45.2%32.9%
Put IV 25d48.5%32.8%53.2%46.3%33.8%
Bid-Ask Spread %1.610.931.981.161.83
Gamma HHI0.050.030.110.050.04
Net GEX397.2M151.9M752.5M338.4M383.2M
Net DEX-30.76B-37.95B-23.32B-26.14B-32.86B
Net VEX-114.8M-127.5M-100.4M-100.7M-125.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.390.730.720.51
Total Volume544,877.25148,6201,104,669148,620418,768
Total OI3,095,990.552,732,7073,474,5362,732,7073,150,278

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$286.29$250.0045.9%8.3%25.9%38.3%29.7%1.1%-2.3%338.4M-26.14B-100.7M0.721.1686,22562,3951,623,6861,109,021
2023-07-05$295.06$250.0049.1%9.6%27.7%45.4%34.1%0.6%-2.9%410.5M-29.47B-100.4M0.480.93489,435234,9241,646,1141,127,864
2023-07-06$293.92$220.0051.6%13.3%27.7%50.8%46.7%0.5%-3.4%436.4M-28.81B-103.5M0.391.98542,199213,7191,715,9511,177,998
2023-07-07$291.08$220.0050.0%13.0%25.5%47.4%45.8%0.6%-3.2%327.6M-27.54B-103.8M0.411.68489,827201,1951,788,0171,216,762
2023-07-10$292.36$225.0051.0%13.5%25.5%49.6%47.3%1.2%-2.8%373.1M-28.02B-103.8M0.431.51360,739155,9901,712,1371,183,309
2023-07-11$298.06$230.0049.9%13.4%25.9%47.2%47.3%1.0%-2.8%476.5M-30.53B-104.4M0.621.70271,338168,9181,769,3151,223,712
2023-07-12$308.41$235.0049.2%13.3%27.2%45.5%47.0%0.8%-2.9%508.4M-34.49B-103.5M0.641.67422,122270,8811,777,6791,248,803
2023-07-13$314.91$240.0049.0%13.4%27.6%45.1%47.3%0.7%-2.9%540.0M-36.74B-103.7M0.551.74436,563238,1061,804,0321,302,694
2023-07-14$308.62$240.0049.1%13.4%29.2%45.3%47.3%0.7%-3.3%391.5M-33.54B-109.7M0.641.70341,479218,5811,855,9651,335,120
2023-07-17$310.87$240.0049.9%14.0%27.0%47.1%49.8%0.6%-2.5%359.1M-33.62B-112.6M0.451.74300,662135,4901,783,6261,256,967
2023-07-18$311.43$240.0050.5%14.3%27.1%48.5%50.2%0.4%-2.7%392.6M-34.41B-123.8M0.521.52258,723134,5801,879,5531,289,413
2023-07-19$315.23$250.0051.7%14.8%27.2%51.1%52.4%0.2%-2.9%454.8M-36.36B-125.9M0.521.69278,677144,5551,930,8391,333,231
2023-07-20$303.15$250.0050.9%14.7%31.1%49.5%52.1%0.2%-3.0%238.3M-30.87B-124.0M0.641.72241,230154,3851,961,6241,362,489
2023-07-21$294.95$250.0051.4%15.0%32.9%50.4%53.0%0.2%-3.4%151.9M-27.27B-123.6M0.731.67341,247249,0081,996,6661,375,541
2023-07-24$290.76$250.0051.3%15.5%33.2%50.2%55.5%0.3%-2.6%238.9M-23.32B-123.3M0.451.44237,954107,4841,783,7421,175,288
2023-07-25$294.84$275.0053.5%16.5%31.8%55.2%58.0%0.4%-3.1%288.5M-24.42B-126.2M0.681.38121,38682,1321,833,4831,222,611
2023-07-26$300.22$275.0052.2%16.2%30.9%52.3%56.7%0.9%-2.9%318.3M-26.49B-127.5M0.701.72319,905224,0651,868,3931,254,862
2023-07-27$312.15$275.0033.9%9.8%33.3%11.6%34.8%0.8%-0.1%564.2M-32.43B-124.0M0.631.75675,667429,0022,004,4001,364,090
2023-07-28$324.40$280.0032.1%9.1%34.5%7.6%32.6%0.7%0.3%752.5M-37.95B-127.0M0.671.57500,353337,6362,060,0891,414,447
2023-07-31$318.26$280.0032.9%9.4%35.4%9.3%34.3%0.9%-0.8%383.2M-32.86B-125.4M0.511.83276,543142,2251,872,0621,278,216