META Options History — October 2023

In October 2023, META traded between $289.03 and $327.22. ATM implied volatility averaged 47.1%, placing in the 41.2% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 18.6% (HV 20d: 28.5%). Max pain ranged from $270.00 to $295.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.80.

Notable Days

2023-10-26: Highest Volume — 830,860 contracts
2023-10-26: Largest IV drop — 28.8% change
2023-10-25: Highest IV Rank — 54.3%
2023-10-25: Largest Expected Move — 16.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$310.78	$289.03	$327.22	$305.15	$300.31
Max Pain	$279.32	$270.00	$295.00	$295.00	$295.00
ATM IV	47.1%	34.8%	53.1%	47.9%	34.8%
Expected Move	12.9%	10.0%	16.6%	10.0%	10.3%
HV 20d	28.5%	25.7%	34.4%	26.9%	34.0%
HV 60d	29.6%	27.4%	30.8%	30.6%	29.6%
IV Rank	41.2%	15.6%	54.3%	42.7%	15.6%
IV Percentile	63.6%	29.4%	88.9%	61.1%	29.4%
Term Structure	-2.1%	-3.6%	0.4%	-2.3%	0.4%
VWIV	45.6%	35.5%	56.6%	35.6%	36.3%
Skew 25d	4.8%	4.0%	6.0%	4.3%	4.7%
Skew 10d	9.1%	7.6%	11.7%	7.8%	9.0%
Call IV 25d	44.6%	32.4%	50.4%	45.7%	32.4%
Put IV 25d	49.4%	37.1%	55.6%	49.9%	37.1%
Bid-Ask Spread %	1.88	1.07	3.22	1.38	1.07
Gamma HHI	0.06	0.03	0.26	0.04	0.04
Net GEX	354.4M	34.9M	843.1M	325.5M	228.8M
Net DEX	-24.45B	-32.77B	-13.60B	-22.89B	-19.23B
Net VEX	-126.5M	-129.1M	-116.5M	-126.8M	-121.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.80	0.57	1.12	0.90	0.73
Total Volume	340,432.364	183,595	830,860	199,353	183,595
Total OI	3,200,707.409	2,914,781	3,392,116	3,044,675	3,121,275

Daily Data (22 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
2023-10-02	$305.15	$295.00	47.9%	10.0%	26.9%	42.7%	35.6%	4.3%	-2.3%	325.5M	-22.89B	-126.8M	0.90	1.38	105,154	94,199	1,781,143	1,263,532
2023-10-03	$300.15	$295.00	51.2%	10.7%	27.2%	50.0%	37.6%	4.8%	-2.4%	260.4M	-20.75B	-126.3M	0.90	1.32	126,880	113,883	1,819,698	1,291,732
2023-10-04	$306.38	$295.00	49.7%	10.0%	28.0%	46.8%	35.5%	4.8%	-2.4%	400.3M	-23.86B	-128.3M	0.83	1.37	145,210	120,860	1,855,985	1,316,314
2023-10-05	$305.64	$270.00	49.9%	13.2%	28.0%	47.2%	46.9%	4.7%	-2.6%	386.2M	-23.28B	-128.3M	0.69	2.66	166,462	115,682	1,867,459	1,335,372
2023-10-06	$315.35	$270.00	48.2%	12.8%	29.8%	43.4%	45.6%	4.4%	-2.7%	843.1M	-28.37B	-127.4M	0.90	1.93	245,551	220,052	1,884,625	1,347,474
2023-10-09	$318.30	$270.00	48.3%	13.0%	27.7%	43.5%	46.2%	4.4%	-2.0%	479.6M	-28.54B	-127.7M	0.73	1.99	216,285	157,680	1,824,514	1,303,195
2023-10-10	$322.74	$270.00	47.4%	12.9%	26.9%	41.5%	45.5%	4.3%	-2.0%	560.8M	-30.64B	-129.1M	0.71	1.55	182,503	128,996	1,871,280	1,346,165
2023-10-11	$327.22	$270.00	47.2%	12.9%	27.1%	41.2%	45.5%	4.1%	-2.2%	654.9M	-32.77B	-128.8M	0.89	1.71	209,116	186,648	1,894,019	1,370,889
2023-10-12	$324.82	$270.00	46.9%	12.9%	26.5%	40.6%	45.7%	4.0%	-2.5%	574.1M	-31.27B	-126.6M	0.93	1.55	220,922	205,725	1,912,348	1,423,886
2023-10-13	$314.40	$270.00	49.0%	13.5%	25.7%	45.2%	47.6%	4.5%	-2.7%	227.4M	-25.19B	-128.8M	0.78	1.99	272,853	213,508	1,934,701	1,443,690
2023-10-16	$321.09	$270.00	48.1%	13.6%	26.5%	43.2%	47.9%	4.6%	-2.6%	452.5M	-28.85B	-127.8M	0.77	1.69	122,915	94,382	1,864,952	1,343,773
2023-10-17	$322.16	$270.00	47.7%	13.6%	26.3%	42.4%	48.2%	4.5%	-2.7%	458.2M	-29.55B	-129.0M	0.78	1.66	112,032	87,902	1,888,468	1,374,511
2023-10-18	$315.88	$275.00	51.1%	14.6%	26.6%	49.8%	51.4%	4.6%	-3.2%	332.3M	-26.39B	-128.2M	0.89	3.22	122,786	109,839	1,905,540	1,395,548
2023-10-19	$312.44	$275.00	52.5%	15.2%	26.6%	53.1%	53.1%	5.1%	-3.5%	250.4M	-24.74B	-128.8M	0.63	2.64	181,416	114,895	1,923,600	1,410,560
2023-10-20	$309.76	$275.00	51.8%	15.2%	26.7%	51.5%	54.5%	5.5%	-3.6%	34.9M	-23.58B	-128.2M	1.12	2.34	182,899	204,213	1,931,982	1,420,825
2023-10-23	$314.76	$280.00	50.0%	15.1%	27.2%	47.4%	52.8%	5.7%	-2.1%	276.7M	-23.92B	-126.6M	0.79	1.83	116,606	92,057	1,713,148	1,201,633
2023-10-24	$312.94	$280.00	49.9%	15.4%	27.3%	47.3%	53.4%	6.0%	-2.1%	281.8M	-23.21B	-126.9M	0.69	1.90	112,067	77,844	1,756,702	1,240,504
2023-10-25	$300.05	$280.00	53.1%	16.6%	31.3%	54.3%	56.6%	5.6%	-2.6%	221.3M	-18.66B	-124.8M	0.62	2.47	335,068	208,381	1,801,195	1,273,405
2023-10-26	$289.03	$280.00	37.8%	11.3%	32.7%	21.5%	40.7%	4.6%	-0.1%	67.4M	-13.60B	-116.5M	0.57	1.76	530,465	300,395	1,929,820	1,366,287
2023-10-27	$295.37	$295.00	37.4%	11.1%	33.6%	20.4%	38.6%	4.8%	0.1%	205.5M	-17.57B	-123.7M	0.95	1.68	230,664	218,534	2,010,969	1,381,147
2023-10-30	$303.20	$295.00	35.4%	10.6%	34.4%	17.2%	37.4%	4.7%	0.3%	274.5M	-20.93B	-122.9M	0.86	1.53	162,542	139,846	1,796,808	1,274,890
2023-10-31	$300.31	$295.00	34.8%	10.3%	34.0%	15.6%	36.3%	4.7%	0.4%	228.8M	-19.23B	-121.3M	0.73	1.07	105,885	77,710	1,812,940	1,308,335