META Options History — September 2023

In September 2023, META traded between $296.51 and $311.39. ATM implied volatility averaged 36.5%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 8.0% (HV 20d: 28.5%). Max pain ranged from $270.00 to $300.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.92.

Notable Days

  • 2023-09-07: Highest Volume — 745,266 contracts
  • 2023-09-25: Largest IV spike — 13.4% change
  • 2023-09-27: Highest IV Rank — 43.1%
  • 2023-09-26: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$301.16$296.51$311.39$296.51$300.10
Max Pain$292.00$270.00$300.00$270.00$295.00
ATM IV36.5%31.2%48.1%32.3%46.5%
Expected Move9.6%8.3%10.8%8.3%9.7%
HV 20d28.5%25.1%30.5%28.7%26.4%
HV 60d30.7%30.2%31.7%30.3%30.5%
IV Rank17.5%5.6%43.1%7.9%39.7%
IV Percentile27.7%9.1%60.7%13.1%58.7%
Term Structure2.3%-0.3%9.4%-0.3%0.1%
VWIV33.9%29.7%37.8%29.7%34.4%
Skew 25d3.0%1.5%4.9%1.5%4.3%
Skew 10d5.8%3.0%9.3%3.0%8.2%
Call IV 25d35.1%30.3%45.5%31.9%44.3%
Put IV 25d38.1%32.4%50.4%33.4%48.6%
Bid-Ask Spread %1.411.161.701.371.21
Gamma HHI0.040.030.060.040.04
Net GEX329.2M162.1M579.4M329.2M242.0M
Net DEX-23.78B-31.05B-19.52B-24.28B-20.96B
Net VEX-126.2M-128.6M-123.5M-126.4M-125.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.631.220.630.96
Total Volume368,775.45203,956745,266327,586457,737
Total OI3,233,704.752,901,7233,488,7163,374,5993,242,207

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-09-01$296.51$270.0032.3%8.3%28.7%7.9%29.7%1.5%-0.3%329.2M-24.28B-126.4M0.631.37200,690126,8961,990,3491,384,250
2023-09-05$300.84$285.0032.7%9.4%28.5%9.0%33.2%1.7%-0.1%384.9M-25.96B-124.9M0.681.70136,40092,5371,911,2601,334,600
2023-09-06$298.60$290.0033.2%9.5%28.4%10.1%33.5%1.9%-0.3%367.5M-24.94B-124.6M0.771.49153,265118,3001,943,5111,353,046
2023-09-07$299.18$290.0033.9%9.6%27.4%11.6%34.0%2.3%-0.3%386.0M-25.07B-127.8M0.781.53418,262327,0041,966,4441,376,409
2023-09-08$297.52$290.0033.1%9.4%27.5%9.7%33.4%2.2%-0.3%285.3M-24.05B-125.8M0.851.46251,978214,3821,997,0081,414,483
2023-09-11$307.72$290.0033.0%9.4%30.0%9.6%33.0%2.3%-0.3%443.7M-28.94B-126.5M0.681.58211,131142,5651,929,3391,374,808
2023-09-12$302.13$290.0033.2%9.4%30.5%10.1%33.2%2.2%-0.3%339.3M-26.02B-127.1M0.801.41132,327105,5841,959,1471,407,446
2023-09-13$304.74$290.0032.1%9.1%30.0%7.6%32.6%2.5%-0.2%429.0M-27.58B-126.1M1.111.44124,841138,9931,976,9441,423,459
2023-09-14$311.39$290.0031.2%8.9%30.1%5.6%31.8%2.1%-0.0%579.4M-31.05B-125.2M0.941.52203,734191,8161,990,1621,446,852
2023-09-15$300.10$295.0032.7%9.3%30.4%8.9%33.0%2.4%-0.1%191.9M-24.50B-123.6M0.801.53275,511219,3342,009,4451,479,271
2023-09-18$301.44$295.0032.0%9.1%30.3%7.3%32.1%2.8%9.3%314.3M-21.63B-123.5M0.831.52140,961116,3851,730,3391,171,384
2023-09-19$305.25$300.0032.2%9.2%29.8%7.9%32.6%3.0%9.3%369.7M-23.38B-126.2M1.161.35135,002157,0881,773,6851,223,299
2023-09-20$300.01$300.0032.8%9.4%30.3%9.1%33.7%3.0%9.3%269.4M-21.00B-125.6M1.171.43117,770138,1091,802,7101,254,275
2023-09-21$297.09$295.0036.6%10.0%29.0%17.5%34.9%3.4%9.3%162.1M-19.70B-126.9M0.911.31194,997177,3261,830,3791,278,583
2023-09-22$300.34$295.0038.5%10.1%27.4%21.9%35.5%3.7%9.4%296.4M-21.50B-127.9M1.151.32274,995316,4551,867,2191,297,335
2023-09-25$300.07$295.0043.7%10.3%27.4%33.4%36.3%4.5%0.5%282.9M-21.26B-126.4M1.001.16105,572106,0791,797,2761,251,410
2023-09-26$299.42$295.0046.4%10.8%27.0%39.3%37.8%4.7%0.4%277.3M-20.98B-127.6M0.931.23105,63398,3231,828,4751,280,331
2023-09-27$296.67$295.0048.1%10.6%25.1%43.1%37.4%4.9%0.2%215.8M-19.52B-127.7M1.221.37250,951306,2421,844,6831,311,967
2023-09-28$304.01$295.0046.6%9.9%26.1%39.8%35.1%4.6%0.2%417.3M-23.28B-128.6M1.051.26189,994200,3401,876,6151,343,690
2023-09-29$300.10$295.0046.5%9.7%26.4%39.7%34.4%4.3%0.1%242.0M-20.96B-125.9M0.961.21233,929223,8081,882,4771,359,730