META Options History — November 2023

In November 2023, META traded between $310.25 and $341.56. ATM implied volatility averaged 27.0%, placing in the 1.4% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 3.6% (HV 20d: 30.6%). Max pain ranged from $295.00 to $310.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.71.

Notable Days

2023-11-30: Highest Volume — 465,551 contracts
2023-11-03: Largest IV drop — 6.9% change
2023-11-01: Highest IV Rank — 8.2%
2023-11-01: Largest Expected Move — 9.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$328.32	$310.25	$341.56	$312.43	$324.39
Max Pain	$299.76	$295.00	$310.00	$295.00	$310.00
ATM IV	27.0%	23.7%	31.9%	31.9%	25.3%
Expected Move	7.8%	6.8%	9.3%	9.3%	7.6%
HV 20d	30.6%	20.6%	36.3%	36.2%	20.6%
HV 60d	29.2%	27.9%	30.7%	30.7%	28.5%
IV Rank	1.4%	0.0%	8.2%	8.2%	3.5%
IV Percentile	1.5%	0.0%	11.9%	11.9%	2.0%
Term Structure	0.3%	-0.4%	0.7%	0.5%	0.1%
VWIV	28.0%	24.1%	32.9%	32.9%	27.7%
Skew 25d	2.8%	2.0%	4.3%	4.3%	2.1%
Skew 10d	5.7%	4.1%	8.1%	8.1%	4.4%
Call IV 25d	25.7%	23.0%	29.6%	29.6%	24.6%
Put IV 25d	28.5%	25.1%	33.9%	33.9%	26.8%
Bid-Ask Spread %	1.69	1.25	2.39	1.49	1.32
Gamma HHI	0.07	0.04	0.20	0.04	0.04
Net GEX	512.4M	164.1M	741.6M	441.4M	164.1M
Net DEX	-29.17B	-34.75B	-23.22B	-24.88B	-23.22B
Net VEX	-113.9M	-120.6M	-109.0M	-120.6M	-109.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.54	0.96	0.78	0.65
Total Volume	272,225.429	170,489	465,551	274,286	465,551
Total OI	3,100,078.619	2,849,602	3,321,562	3,150,365	3,041,363

Daily Data (21 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
2023-11-01	$312.43	$295.00	31.9%	9.3%	36.2%	8.2%	32.9%	4.3%	0.5%	441.4M	-24.88B	-120.6M	0.78	1.49	154,161	120,125	1,830,063	1,320,302
2023-11-02	$310.25	$295.00	31.3%	9.2%	36.3%	6.6%	32.3%	3.9%	0.6%	423.8M	-23.92B	-119.3M	0.61	1.83	204,909	124,457	1,853,081	1,338,741
2023-11-03	$314.42	$295.00	29.1%	8.7%	34.8%	1.1%	30.8%	3.5%	0.6%	691.2M	-26.13B	-119.2M	0.58	1.93	210,438	122,525	1,876,223	1,357,274
2023-11-06	$314.96	$295.00	28.9%	8.5%	34.6%	0.7%	30.1%	3.6%	0.7%	392.9M	-25.28B	-116.7M	0.66	2.07	120,752	79,560	1,792,422	1,298,131
2023-11-07	$319.31	$295.00	27.8%	8.2%	34.6%	0.0%	29.0%	3.6%	0.7%	486.9M	-27.37B	-115.9M	0.73	1.91	132,695	96,379	1,819,804	1,318,091
2023-11-08	$320.47	$295.00	28.0%	8.2%	34.2%	0.7%	29.3%	3.4%	0.7%	527.5M	-27.88B	-115.9M	0.75	2.26	112,383	84,750	1,833,273	1,335,083
2023-11-09	$319.69	$295.00	28.5%	8.3%	34.2%	1.9%	29.9%	3.6%	0.6%	523.3M	-27.55B	-115.9M	0.80	2.39	128,121	101,877	1,846,439	1,354,605
2023-11-10	$328.01	$295.00	27.3%	7.9%	33.2%	0.0%	28.2%	3.1%	0.5%	668.3M	-31.91B	-115.2M	0.96	1.75	211,816	203,414	1,855,076	1,365,161
2023-11-13	$329.99	$295.00	28.3%	8.1%	32.5%	2.6%	29.2%	3.2%	0.3%	520.2M	-31.31B	-114.1M	0.66	1.61	151,397	99,303	1,802,351	1,315,724
2023-11-14	$337.13	$300.00	27.3%	7.8%	33.3%	0.0%	28.0%	2.6%	0.5%	613.1M	-34.75B	-112.4M	0.79	1.81	167,557	132,038	1,830,222	1,340,889
2023-11-15	$332.87	$300.00	26.9%	7.7%	32.7%	0.0%	28.6%	2.6%	0.5%	546.6M	-32.56B	-113.5M	0.54	1.40	209,554	113,253	1,843,347	1,370,217
2023-11-16	$333.88	$300.00	26.8%	7.7%	32.3%	0.0%	29.1%	2.5%	0.4%	585.5M	-33.20B	-112.9M	0.78	1.81	145,471	112,877	1,871,138	1,387,410
2023-11-17	$334.62	$300.00	26.4%	7.5%	32.0%	0.0%	26.6%	2.1%	0.4%	741.6M	-34.16B	-113.8M	0.65	1.56	172,689	112,326	1,904,505	1,417,057
2023-11-20	$339.74	$300.00	25.7%	7.3%	32.0%	0.0%	25.9%	2.3%	-0.3%	533.1M	-30.95B	-111.1M	0.67	1.32	172,488	115,563	1,672,978	1,176,624
2023-11-21	$337.71	$300.00	25.5%	7.2%	32.0%	0.0%	26.1%	2.1%	-0.4%	526.4M	-30.25B	-112.1M	0.59	1.61	135,463	79,655	1,714,993	1,212,505
2023-11-22	$341.56	$300.00	24.2%	6.8%	27.1%	0.0%	24.1%	2.1%	-0.1%	673.9M	-32.23B	-110.8M	0.64	1.62	159,046	102,555	1,735,728	1,228,535
2023-11-24	$337.77	$305.00	23.9%	6.8%	22.7%	0.0%	24.3%	2.1%	-0.3%	490.0M	-29.95B	-111.9M	0.63	1.49	104,383	66,106	1,746,123	1,252,852
2023-11-27	$335.15	$305.00	24.8%	7.2%	22.7%	2.1%	25.6%	2.3%	0.1%	416.7M	-28.50B	-109.6M	0.86	1.81	112,207	96,367	1,699,020	1,200,476
2023-11-28	$337.82	$310.00	23.7%	6.9%	21.5%	0.0%	24.8%	2.0%	0.2%	469.3M	-29.59B	-110.3M	0.93	1.25	94,297	88,128	1,724,478	1,228,508
2023-11-29	$332.46	$310.00	24.7%	7.2%	22.2%	2.3%	25.6%	2.0%	0.2%	324.6M	-26.90B	-111.5M	0.56	1.26	192,020	108,078	1,739,868	1,250,971
2023-11-30	$324.39	$310.00	25.3%	7.6%	20.6%	3.5%	27.7%	2.1%	0.1%	164.1M	-23.22B	-109.0M	0.65	1.32	281,474	184,077	1,778,029	1,263,334