META Options History — May 2024

In May 2024, META traded between $440.84 and $480.87. ATM implied volatility averaged 27.3%, placing in the 12.2% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 16.6% (HV 20d: 44.0%). Max pain ranged from $330.00 to $440.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.67.

Notable Days

2024-05-03: Highest Volume — 506,875 contracts
2024-05-03: Largest IV drop — 5.9% change
2024-05-01: Highest IV Rank — 25.5%
2024-05-01: Largest Expected Move — 9.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$467.34	$440.84	$480.87	$442.68	$462.97
Max Pain	$348.18	$330.00	$440.00	$440.00	$340.00
ATM IV	27.3%	25.6%	31.3%	31.3%	27.7%
Expected Move	7.9%	7.3%	9.3%	9.3%	8.0%
HV 20d	44.0%	20.5%	54.0%	52.7%	21.5%
HV 60d	38.1%	36.9%	39.3%	39.1%	36.9%
IV Rank	12.2%	6.4%	25.5%	25.5%	13.4%
IV Percentile	13.9%	3.2%	36.1%	36.1%	20.2%
Term Structure	0.1%	-0.7%	0.7%	0.1%	-0.5%
VWIV	28.0%	25.7%	32.9%	32.9%	28.3%
Skew 25d	0.5%	0.2%	0.9%	0.5%	0.9%
Skew 10d	1.0%	0.1%	2.1%	0.1%	2.1%
Call IV 25d	27.4%	25.6%	31.6%	31.6%	27.9%
Put IV 25d	27.9%	26.0%	32.1%	32.1%	28.8%
Bid-Ask Spread %	3.54	2.00	6.08	6.08	2.00
Gamma HHI	0.05	0.03	0.11	0.03	0.06
Net GEX	380.9M	41.0M	657.8M	303.0M	41.0M
Net DEX	-27.66B	-33.26B	-21.05B	-21.72B	-22.89B
Net VEX	-155.1M	-160.8M	-150.6M	-155.7M	-150.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.38	0.82	0.65	0.60
Total Volume	297,470.955	170,367	506,875	411,083	358,799
Total OI	2,613,998.773	2,425,599	2,810,793	2,748,183	2,547,645

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
2024-05-01	$442.68	$440.00	31.3%	9.3%	52.7%	25.5%	32.9%	0.5%	0.1%	303.0M	-21.72B	-155.7M	0.65	6.08	249,426	161,657	1,612,667	1,135,516
2024-05-02	$440.84	$440.00	30.1%	8.7%	52.1%	21.4%	31.3%	0.5%	0.2%	260.9M	-21.05B	-154.6M	0.71	3.86	169,630	120,823	1,631,449	1,143,546
2024-05-03	$452.56	$440.00	28.3%	8.2%	52.3%	15.5%	29.3%	0.5%	0.3%	657.8M	-26.13B	-156.5M	0.60	3.74	316,510	190,365	1,652,341	1,158,452
2024-05-06	$464.26	$330.00	28.9%	8.4%	53.6%	17.5%	29.8%	0.5%	0.5%	475.6M	-28.23B	-156.4M	0.71	5.75	205,567	146,936	1,508,624	1,084,276
2024-05-07	$467.50	$330.00	28.5%	8.3%	53.8%	16.0%	29.4%	0.6%	0.6%	502.3M	-29.34B	-159.6M	0.76	4.71	199,663	151,484	1,527,765	1,115,879
2024-05-08	$473.07	$330.00	28.0%	8.2%	54.0%	14.5%	29.0%	0.5%	0.6%	579.7M	-31.42B	-159.8M	0.66	5.25	204,299	135,594	1,541,350	1,137,113
2024-05-09	$474.85	$330.00	27.2%	7.9%	53.8%	11.6%	28.0%	0.6%	0.6%	643.2M	-31.85B	-160.8M	0.79	5.06	150,193	118,656	1,552,259	1,151,940
2024-05-10	$475.77	$330.00	26.1%	7.6%	53.5%	8.0%	27.3%	0.7%	0.7%	540.1M	-32.14B	-157.8M	0.80	3.72	193,383	154,695	1,560,677	1,166,090
2024-05-13	$468.19	$330.00	27.6%	7.9%	53.2%	13.1%	28.0%	0.7%	-0.2%	346.6M	-28.11B	-155.1M	0.75	3.74	148,611	110,818	1,489,948	1,104,248
2024-05-14	$471.87	$330.00	27.0%	7.7%	53.3%	11.1%	27.6%	0.7%	-0.0%	399.2M	-29.68B	-155.7M	0.80	4.38	117,330	93,729	1,512,544	1,128,351
2024-05-15	$480.87	$330.00	25.9%	7.4%	53.7%	7.1%	26.3%	0.4%	0.0%	619.9M	-33.26B	-156.2M	0.68	3.58	178,067	120,862	1,526,693	1,138,648
2024-05-16	$475.09	$330.00	26.2%	7.5%	53.3%	8.3%	26.7%	0.2%	-0.2%	420.6M	-30.78B	-155.8M	0.60	3.30	188,655	113,425	1,540,689	1,152,568
2024-05-17	$471.20	$330.00	25.6%	7.3%	49.8%	6.4%	25.7%	0.2%	-0.2%	167.0M	-29.09B	-153.2M	0.73	3.08	156,961	114,198	1,568,809	1,182,783
2024-05-20	$469.07	$330.00	25.9%	7.4%	49.5%	7.5%	26.2%	0.6%	0.2%	263.1M	-26.27B	-152.1M	0.72	2.46	103,493	74,089	1,377,736	1,047,863
2024-05-21	$464.34	$335.00	25.9%	7.4%	48.5%	7.4%	26.4%	0.4%	0.2%	192.1M	-24.50B	-152.6M	0.61	2.56	119,121	72,184	1,391,958	1,066,623
2024-05-22	$467.51	$335.00	26.4%	7.6%	48.6%	9.1%	26.6%	0.2%	0.1%	284.2M	-25.82B	-153.8M	0.52	3.03	168,283	87,250	1,410,786	1,085,588
2024-05-23	$464.85	$340.00	26.8%	7.7%	23.3%	10.4%	27.1%	0.6%	0.2%	155.0M	-24.49B	-152.6M	0.38	2.42	249,196	95,858	1,422,437	1,093,871
2024-05-24	$476.11	$340.00	25.6%	7.3%	24.4%	6.4%	25.8%	0.4%	0.3%	591.9M	-29.94B	-156.5M	0.82	2.18	234,277	191,911	1,455,442	1,111,101
2024-05-28	$476.70	$340.00	26.9%	7.7%	20.5%	10.8%	27.2%	0.5%	-0.3%	405.5M	-28.94B	-152.4M	0.66	2.18	115,054	75,732	1,396,669	1,060,092
2024-05-29	$474.90	$340.00	27.4%	7.9%	20.7%	12.3%	27.9%	0.3%	-0.6%	382.9M	-28.17B	-152.5M	0.59	2.05	106,958	63,409	1,415,244	1,079,676
2024-05-30	$466.38	$340.00	28.1%	8.1%	21.3%	14.6%	28.7%	0.6%	-0.7%	147.0M	-24.62B	-151.1M	0.64	2.69	132,391	84,819	1,426,888	1,093,129
2024-05-31	$462.97	$340.00	27.7%	8.0%	21.5%	13.4%	28.3%	0.9%	-0.5%	41.0M	-22.89B	-150.6M	0.60	2.00	224,018	134,781	1,440,035	1,107,610