META Options History — August 2023

In August 2023, META traded between $284.28 and $323.13. ATM implied volatility averaged 33.8%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 0.5% (HV 20d: 33.2%). Max pain ranged from $245.00 to $285.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.83.

Notable Days

2023-08-18: Highest Volume — 543,406 contracts
2023-08-02: Largest IV spike — 5.6% change
2023-08-18: Highest IV Rank — 15.0%
2023-08-18: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$300.10	$284.28	$323.13	$323.13	$298.09
Max Pain	$257.72	$245.00	$285.00	$285.00	$267.50
ATM IV	33.8%	32.0%	35.4%	32.0%	32.9%
Expected Move	9.6%	8.9%	10.1%	9.1%	8.9%
HV 20d	33.2%	27.3%	36.5%	35.5%	28.7%
HV 60d	29.5%	27.5%	31.0%	27.5%	31.0%
IV Rank	11.3%	7.4%	15.0%	7.4%	9.4%
IV Percentile	17.9%	12.3%	22.6%	12.3%	16.3%
Term Structure	0.1%	-0.5%	0.9%	-0.3%	-0.2%
VWIV	33.9%	31.6%	36.0%	32.0%	31.6%
Skew 25d	2.4%	0.8%	2.9%	0.8%	1.5%
Skew 10d	4.7%	1.9%	5.7%	1.9%	3.0%
Call IV 25d	32.9%	31.6%	34.4%	32.1%	32.8%
Put IV 25d	35.3%	32.9%	37.2%	32.9%	34.3%
Bid-Ask Spread %	1.25	1.03	1.53	1.36	1.13
Gamma HHI	0.05	0.03	0.14	0.05	0.06
Net GEX	240.5M	-478.4K	459.6M	459.6M	431.1M
Net DEX	-25.08B	-35.07B	-18.28B	-35.07B	-25.23B
Net VEX	-127.7M	-132.1M	-124.4M	-127.9M	-129.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.83	0.50	1.11	0.64	0.50
Total Volume	306,343.87	171,999	543,406	331,667	357,208
Total OI	3,282,501.304	3,048,580	3,449,657	3,236,009	3,328,892

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
2023-08-01	$323.13	$285.00	32.0%	9.1%	35.5%	7.4%	32.0%	0.8%	-0.3%	459.6M	-35.07B	-127.9M	0.64	1.36	202,509	129,158	1,914,886	1,321,123
2023-08-02	$313.93	$285.00	33.8%	9.7%	36.3%	11.3%	34.4%	1.8%	-0.4%	293.3M	-30.56B	-129.1M	0.84	1.13	200,635	168,347	1,942,910	1,343,932
2023-08-03	$313.48	$245.00	33.8%	9.6%	36.3%	11.3%	34.5%	2.1%	-0.5%	295.4M	-30.40B	-132.1M	0.79	1.46	138,937	109,504	1,972,343	1,366,520
2023-08-04	$310.90	$245.00	33.5%	9.6%	36.2%	10.7%	35.7%	1.9%	-0.5%	144.7M	-29.01B	-130.2M	0.64	1.53	231,605	147,190	2,000,273	1,386,134
2023-08-07	$315.93	$250.00	32.8%	9.4%	36.5%	9.1%	33.9%	2.2%	0.2%	368.6M	-31.72B	-130.3M	0.75	1.37	127,059	95,672	1,906,557	1,324,302
2023-08-08	$312.48	$250.00	33.5%	9.6%	36.4%	10.6%	33.8%	2.6%	0.1%	324.3M	-30.27B	-128.9M	0.98	1.30	115,587	113,639	1,940,722	1,349,988
2023-08-09	$305.51	$250.00	34.0%	9.8%	35.4%	11.8%	34.5%	2.7%	0.0%	195.9M	-26.90B	-128.8M	1.07	1.37	154,672	166,002	1,961,851	1,376,332
2023-08-10	$305.04	$250.00	33.4%	9.6%	34.5%	10.4%	33.9%	2.8%	0.1%	179.8M	-26.57B	-129.0M	0.85	1.38	142,785	121,973	1,985,666	1,396,373
2023-08-11	$302.52	$250.00	32.6%	9.4%	33.9%	8.7%	33.4%	2.8%	0.2%	75.5M	-25.26B	-128.1M	1.01	1.42	142,176	143,650	2,004,570	1,410,466
2023-08-14	$305.87	$250.00	32.8%	9.4%	34.0%	9.2%	33.5%	2.6%	0.2%	245.1M	-27.51B	-126.5M	0.96	1.21	129,828	124,633	1,920,723	1,346,137
2023-08-15	$300.83	$250.00	33.8%	9.7%	34.4%	11.3%	34.1%	2.8%	0.1%	197.9M	-25.47B	-128.6M	1.11	1.27	81,387	90,612	1,968,167	1,375,287
2023-08-16	$295.52	$255.00	34.0%	9.7%	34.5%	11.7%	34.3%	2.6%	0.2%	125.5M	-22.93B	-127.4M	1.06	1.28	145,582	154,853	1,990,895	1,397,846
2023-08-17	$285.35	$250.00	35.4%	10.1%	34.0%	14.9%	34.7%	2.9%	0.2%	56.4M	-18.38B	-124.4M	0.91	1.33	201,806	184,037	2,014,793	1,394,396
2023-08-18	$284.28	$260.00	35.4%	10.1%	32.7%	15.0%	36.0%	2.8%	0.2%	-478.4K	-18.28B	-124.4M	0.79	1.33	303,944	239,462	2,054,216	1,395,441
2023-08-21	$290.12	$260.00	34.7%	9.9%	33.3%	13.4%	35.6%	2.6%	0.6%	250.9M	-20.94B	-125.8M	0.66	1.06	166,129	109,709	1,823,750	1,224,830
2023-08-22	$286.97	$260.00	34.9%	9.9%	33.1%	13.7%	34.5%	2.5%	0.7%	223.2M	-19.74B	-125.8M	0.88	1.13	100,661	88,168	1,852,152	1,255,574
2023-08-23	$294.99	$260.00	33.7%	9.6%	34.0%	11.2%	34.0%	2.4%	0.7%	306.4M	-23.00B	-128.1M	0.58	1.13	174,547	101,047	1,871,786	1,283,304
2023-08-24	$287.32	$260.00	34.9%	9.8%	31.6%	13.7%	34.5%	2.5%	0.7%	188.2M	-19.52B	-126.1M	0.86	1.03	143,388	123,783	1,894,684	1,304,133
2023-08-25	$286.00	$260.00	33.9%	9.5%	27.3%	11.7%	33.3%	2.6%	0.9%	139.3M	-19.08B	-125.5M	0.84	1.16	254,479	214,706	1,924,232	1,323,643
2023-08-28	$290.13	$260.00	34.5%	9.5%	27.8%	12.9%	33.9%	2.8%	-0.1%	284.0M	-21.61B	-126.2M	0.81	1.12	134,592	109,102	1,877,374	1,278,985
2023-08-29	$298.88	$260.00	33.6%	9.1%	29.6%	10.9%	32.7%	2.1%	-0.3%	391.6M	-25.58B	-128.3M	0.66	1.04	221,562	146,442	1,909,327	1,308,353
2023-08-30	$295.04	$265.00	33.2%	8.9%	28.3%	10.1%	31.6%	2.0%	-0.1%	355.8M	-23.71B	-126.7M	0.77	1.15	165,641	127,501	1,935,800	1,337,862
2023-08-31	$298.09	$267.50	32.9%	8.9%	28.7%	9.4%	31.6%	1.5%	-0.2%	431.1M	-25.23B	-129.1M	0.50	1.13	237,666	119,542	1,963,024	1,365,868