META Options History — December 2023

In December 2023, META traded between $318.06 and $358.44. ATM implied volatility averaged 27.1%, placing in the 7.6% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 3.9% (HV 20d: 23.1%). Max pain ranged from $240.00 to $310.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.67.

Notable Days

  • 2023-12-18: Highest Volume — 410,945 contracts
  • 2023-12-29: Largest IV spike — 7.8% change
  • 2023-12-29: Highest IV Rank — 17.6%
  • 2023-12-05: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$338.92$318.06$358.44$324.38$354.57
Max Pain$254.50$240.00$310.00$310.00$260.00
ATM IV27.1%25.2%31.5%25.2%31.5%
Expected Move7.6%7.2%8.0%7.5%7.2%
HV 20d23.1%20.3%25.2%20.3%21.3%
HV 60d27.6%26.6%28.6%28.5%26.6%
IV Rank7.6%3.4%17.6%3.4%17.6%
IV Percentile7.6%2.0%26.6%2.0%26.6%
Term Structure3.0%0.1%13.3%0.1%13.3%
VWIV27.3%25.6%29.2%26.9%25.6%
Skew 25d1.5%0.8%2.0%1.9%1.8%
Skew 10d3.5%1.9%4.6%4.2%3.9%
Call IV 25d26.3%24.6%27.4%24.6%25.8%
Put IV 25d27.8%26.3%29.2%26.5%27.6%
Bid-Ask Spread %1.401.092.001.601.12
Gamma HHI0.060.040.190.050.04
Net GEX478.5M215.1M775.4M284.5M360.9M
Net DEX-29.16B-34.82B-21.35B-23.26B-32.95B
Net VEX-111.6M-115.0M-109.9M-110.2M-110.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.480.800.600.78
Total Volume326,452.9147,294410,945398,507293,705
Total OI3,051,564.32,851,7013,255,4793,100,5613,040,110

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-12-01$324.38$310.0025.2%7.5%20.3%3.4%26.9%1.9%0.1%284.5M-23.26B-110.2M0.601.60249,571148,9361,818,8551,281,706
2023-12-04$319.42$240.0027.0%7.9%20.8%7.5%28.4%2.0%0.4%215.1M-21.63B-110.2M0.711.21196,134139,3191,735,5301,241,309
2023-12-05$318.06$240.0027.6%8.0%20.9%8.8%28.2%1.9%0.5%231.4M-21.35B-111.2M0.591.53201,666119,4021,771,4641,272,728
2023-12-06$318.13$250.0026.8%7.9%20.3%7.0%27.7%1.7%0.6%243.8M-21.43B-111.7M0.481.29144,03369,4831,805,7041,306,409
2023-12-07$326.55$250.0026.7%7.8%22.3%6.8%27.1%1.5%0.6%485.3M-25.84B-111.4M0.711.49240,181170,1911,818,6021,314,293
2023-12-08$332.31$250.0025.8%7.5%23.0%4.7%26.5%1.1%0.7%775.4M-29.00B-111.2M0.691.17238,434164,9331,822,5951,340,925
2023-12-11$324.91$250.0027.4%7.9%22.8%8.3%29.2%1.4%0.1%312.7M-24.41B-109.9M0.621.43236,549146,5951,760,0711,291,183
2023-12-12$333.69$250.0025.9%7.5%24.7%5.0%27.0%1.4%0.1%550.1M-29.37B-111.7M0.651.37194,405126,7721,817,9631,342,465
2023-12-13$334.71$250.0025.7%7.4%23.5%4.6%26.4%1.2%0.2%558.8M-29.88B-111.8M0.581.40175,096101,2391,828,1971,353,398
2023-12-14$332.87$250.0026.5%7.6%23.1%6.2%27.1%1.0%0.2%497.3M-28.70B-111.3M0.651.44201,675131,2391,839,8561,371,033
2023-12-15$336.26$250.0026.3%7.6%23.3%5.8%26.8%0.8%0.1%609.9M-30.77B-113.0M0.681.42218,365147,6041,861,0131,394,466
2023-12-18$345.31$250.0026.1%7.5%25.1%5.4%26.7%1.2%0.9%525.5M-30.81B-110.9M0.651.32249,055161,8901,656,0541,195,647
2023-12-19$350.75$250.0026.4%7.6%25.2%6.0%27.0%1.2%0.9%574.5M-33.00B-110.5M0.642.00247,929158,1551,682,6471,227,379
2023-12-20$349.87$250.0027.2%7.8%25.1%8.0%27.9%1.7%0.9%541.8M-32.04B-112.5M0.801.62187,471150,1941,705,2621,255,236
2023-12-21$352.84$255.0027.5%7.9%24.9%8.7%28.2%1.6%0.8%554.0M-33.18B-113.7M0.721.86201,189145,1331,722,6331,277,707
2023-12-22$353.17$255.0027.1%7.7%24.5%7.8%27.7%1.6%1.0%590.7M-33.45B-115.0M0.591.09207,180122,5641,747,5011,294,489
2023-12-26$355.11$260.0027.9%7.7%24.2%9.4%28.0%1.8%12.6%506.0M-33.19B-112.3M0.791.1282,11265,1821,675,7781,229,460
2023-12-27$357.09$260.0027.4%7.5%24.2%8.5%28.1%1.8%12.7%558.7M-34.06B-111.6M0.801.11126,101101,1901,695,8881,246,335
2023-12-28$358.44$260.0029.2%7.3%23.1%12.4%26.4%1.5%13.3%593.4M-34.82B-111.1M0.651.43162,715105,4711,717,6011,271,794
2023-12-29$354.57$260.0031.5%7.2%21.3%17.6%25.6%1.8%13.3%360.9M-32.95B-110.4M0.781.12164,909128,7961,739,1671,300,943