META Options History — January 2024

In January 2024, META traded between $344.21 and $401.07. ATM implied volatility averaged 40.4%, placing in the 43.1% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 17.2% (HV 20d: 23.2%). Max pain ranged from $260.00 to $335.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.70.

Notable Days

2024-01-10: Highest Volume — 571,142 contracts
2024-01-03: Largest IV spike — 3.3% change
2024-01-17: Highest IV Rank — 48.8%
2024-01-31: Largest Expected Move — 14.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$373.88	$344.21	$401.07	$344.21	$390.66
Max Pain	$317.38	$260.00	$335.00	$260.00	$335.00
ATM IV	40.4%	39.1%	41.9%	40.6%	40.3%
Expected Move	11.6%	7.5%	14.2%	7.8%	14.2%
HV 20d	23.2%	22.1%	24.5%	24.5%	22.4%
HV 60d	25.5%	21.6%	27.4%	27.4%	22.3%
IV Rank	43.1%	36.5%	48.8%	38.3%	46.0%
IV Percentile	56.9%	52.0%	61.5%	56.3%	59.9%
Term Structure	-2.1%	-2.7%	-1.6%	-1.6%	-1.9%
VWIV	40.8%	26.8%	50.0%	27.7%	50.0%
Skew 25d	2.3%	1.5%	2.9%	2.8%	1.7%
Skew 10d	5.0%	3.8%	6.5%	6.5%	4.1%
Call IV 25d	39.4%	38.1%	40.9%	40.8%	39.5%
Put IV 25d	41.7%	39.8%	43.7%	43.6%	41.2%
Bid-Ask Spread %	1.81	1.23	2.37	1.23	2.37
Gamma HHI	0.08	0.04	0.28	0.04	0.04
Net GEX	516.1M	293.7M	878.4M	301.2M	293.7M
Net DEX	-31.80B	-42.74B	-23.58B	-27.98B	-24.68B
Net VEX	-112.7M	-118.5M	-109.1M	-110.5M	-118.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.70	0.47	1.12	0.74	0.47
Total Volume	294,983.857	156,185	571,142	312,687	226,441
Total OI	2,715,897.19	2,024,720	3,206,407	2,921,545	2,217,635

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
2024-01-02	$344.21	$260.00	40.6%	7.8%	24.5%	38.3%	27.7%	2.8%	-1.6%	301.2M	-27.98B	-110.5M	0.74	1.23	179,688	132,999	1,680,662	1,240,883
2024-01-03	$344.96	$260.00	41.9%	7.5%	23.5%	41.3%	26.8%	2.8%	-1.6%	324.5M	-28.64B	-110.0M	1.12	1.89	88,569	99,501	1,717,592	1,268,799
2024-01-04	$347.01	$315.00	41.7%	11.1%	23.3%	40.9%	39.2%	2.7%	-1.7%	388.9M	-29.45B	-109.1M	0.79	1.37	93,106	73,379	1,733,866	1,282,043
2024-01-05	$350.85	$315.00	40.8%	10.9%	23.4%	38.9%	38.5%	2.7%	-1.7%	549.3M	-31.49B	-109.2M	0.99	1.85	172,937	170,513	1,751,345	1,298,338
2024-01-08	$358.26	$315.00	39.8%	10.7%	22.8%	36.5%	38.6%	2.6%	-1.9%	559.7M	-33.82B	-109.4M	0.75	1.55	144,918	108,086	1,701,794	1,264,304
2024-01-09	$357.02	$315.00	40.0%	10.8%	22.5%	38.9%	38.4%	2.8%	-2.0%	562.5M	-33.53B	-110.6M	0.70	1.64	91,871	64,314	1,733,942	1,285,875
2024-01-10	$370.41	$320.00	41.0%	11.1%	23.2%	42.0%	39.1%	2.5%	-2.3%	680.4M	-38.97B	-110.9M	0.53	1.86	373,022	198,120	1,745,344	1,306,959
2024-01-11	$370.22	$320.00	40.7%	11.1%	22.1%	42.7%	39.8%	2.3%	-2.3%	723.5M	-38.75B	-112.5M	0.61	2.01	216,546	133,104	1,798,908	1,344,657
2024-01-12	$374.18	$320.00	40.0%	11.0%	22.1%	41.5%	39.6%	2.1%	-2.4%	878.4M	-40.32B	-113.9M	0.63	2.23	332,282	209,039	1,800,682	1,359,866
2024-01-16	$368.50	$320.00	40.9%	11.6%	23.0%	47.5%	41.6%	2.8%	-2.4%	484.1M	-36.61B	-112.5M	0.69	1.91	125,194	86,577	1,775,334	1,339,637
2024-01-17	$366.77	$320.00	41.4%	11.9%	23.2%	48.8%	42.2%	2.9%	-2.6%	436.1M	-35.76B	-112.7M	0.94	1.88	153,893	144,629	1,788,154	1,348,352
2024-01-18	$376.26	$320.00	40.5%	11.7%	23.1%	46.5%	41.4%	2.5%	-2.6%	706.9M	-40.10B	-113.8M	0.69	2.02	185,211	127,412	1,806,476	1,366,237
2024-01-19	$382.81	$320.00	39.7%	11.6%	23.2%	44.1%	41.3%	1.9%	-2.7%	779.0M	-42.74B	-114.0M	0.58	2.05	299,744	172,541	1,811,076	1,395,331
2024-01-22	$382.07	$325.00	40.2%	12.2%	23.2%	45.6%	42.8%	1.7%	-2.0%	377.1M	-23.58B	-113.2M	0.56	1.72	179,537	101,335	1,152,593	872,127
2024-01-23	$385.52	$325.00	39.3%	12.2%	23.2%	43.0%	42.6%	1.7%	-1.9%	435.4M	-24.71B	-113.3M	0.61	1.34	130,265	79,360	1,181,382	900,196
2024-01-24	$392.08	$325.00	39.4%	12.3%	23.5%	43.3%	43.3%	1.8%	-2.2%	524.8M	-26.86B	-113.7M	0.63	1.91	214,938	134,541	1,197,633	923,068
2024-01-25	$393.26	$330.00	39.7%	12.6%	23.6%	44.1%	43.9%	1.9%	-2.2%	477.5M	-26.96B	-114.5M	0.64	1.79	162,926	104,558	1,215,333	953,865
2024-01-26	$394.60	$335.00	39.1%	12.6%	23.6%	42.7%	44.1%	1.5%	-2.3%	697.4M	-27.49B	-115.3M	0.74	1.92	164,749	122,664	1,236,899	976,304
2024-01-29	$401.07	$335.00	40.0%	13.5%	23.9%	45.1%	47.2%	1.8%	-1.8%	326.3M	-27.56B	-114.1M	0.63	1.79	129,987	82,010	1,181,265	919,313
2024-01-30	$400.80	$335.00	40.6%	14.0%	23.2%	46.8%	49.1%	1.7%	-2.1%	332.3M	-27.77B	-115.0M	0.67	1.75	110,174	73,981	1,213,538	946,234
2024-01-31	$390.66	$335.00	40.3%	14.2%	22.4%	46.0%	50.0%	1.7%	-1.9%	293.7M	-24.68B	-118.5M	0.47	2.37	153,667	72,774	1,240,183	977,452