META Options History — February 2025

In February 2025, META traded between $658.45 and $739.80. ATM implied volatility averaged 29.5%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 6.0% (HV 20d: 23.5%). Max pain ranged from $605.00 to $650.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.76.

Notable Days

2025-02-14: Highest Volume — 845,725 contracts
2025-02-25: Largest IV spike — 8.2% change
2025-02-27: Highest IV Rank — 36.2%
2025-02-27: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$698.86	$658.45	$739.80	$698.27	$661.78
Max Pain	$630.79	$605.00	$650.00	$610.00	$650.00
ATM IV	29.5%	26.2%	34.8%	31.1%	33.7%
Expected Move	8.6%	7.6%	10.2%	9.1%	9.8%
HV 20d	23.5%	13.0%	28.9%	28.9%	25.0%
HV 60d	26.5%	24.2%	27.8%	27.3%	27.7%
IV Rank	17.2%	5.2%	36.2%	22.8%	32.1%
IV Percentile	34.2%	5.6%	59.5%	48.0%	57.9%
Term Structure	0.1%	-0.2%	0.5%	-0.2%	0.0%
VWIV	30.2%	27.4%	35.4%	32.9%	34.0%
Skew 25d	2.3%	1.4%	3.9%	2.0%	3.9%
Skew 10d	5.3%	3.3%	8.6%	4.9%	8.6%
Call IV 25d	28.6%	25.4%	33.2%	30.3%	32.0%
Put IV 25d	30.9%	27.6%	37.1%	32.3%	35.8%
Bid-Ask Spread %	3.55	2.58	4.82	3.82	3.20
Gamma HHI	0.05	0.03	0.26	0.05	0.03
Net GEX	596.9M	-36.2M	2.16B	714.7M	162.4M
Net DEX	-33.75B	-48.62B	-18.23B	-36.09B	-21.12B
Net VEX	-165.2M	-170.1M	-161.2M	-163.2M	-164.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.47	1.10	0.72	0.71
Total Volume	498,432.316	312,723	845,725	489,041	509,243
Total OI	2,003,471.316	1,759,825	2,200,666	1,759,825	2,065,070

Daily Data (19 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
2025-02-03	$698.27	$610.00	31.1%	9.1%	28.9%	22.8%	32.9%	2.0%	-0.2%	714.7M	-36.09B	-163.2M	0.72	3.82	284,036	205,005	1,031,963	727,862
2025-02-04	$704.34	$605.00	29.6%	8.5%	28.9%	17.6%	30.3%	1.8%	0.0%	843.9M	-39.42B	-161.2M	0.60	3.45	226,392	135,034	1,095,157	795,858
2025-02-05	$705.26	$610.00	29.4%	8.4%	26.6%	16.8%	29.5%	1.6%	0.1%	908.1M	-39.98B	-163.4M	0.64	4.17	320,702	206,056	1,122,823	823,006
2025-02-06	$709.01	$610.00	28.1%	8.1%	25.1%	11.8%	28.7%	1.7%	0.2%	1.07B	-41.35B	-163.3M	0.75	4.54	300,146	225,726	1,154,287	868,775
2025-02-07	$715.92	$610.00	28.1%	8.1%	24.3%	11.9%	28.9%	2.0%	0.3%	1.16B	-43.51B	-164.4M	0.91	4.82	374,076	338,914	1,179,732	904,278
2025-02-10	$715.95	$610.00	28.2%	8.2%	24.5%	12.4%	29.0%	2.1%	0.2%	771.2M	-40.02B	-161.8M	1.01	3.75	155,605	157,118	1,070,419	819,831
2025-02-11	$720.73	$615.00	28.1%	8.1%	23.3%	11.9%	28.8%	2.0%	0.3%	810.4M	-41.17B	-164.7M	0.97	3.84	182,358	177,505	1,096,253	868,484
2025-02-12	$725.12	$620.00	27.5%	8.0%	19.6%	10.0%	28.6%	2.3%	0.3%	959.7M	-42.73B	-167.0M	1.10	3.43	163,086	179,530	1,121,303	898,757
2025-02-13	$727.73	$620.00	26.2%	7.6%	14.3%	5.2%	27.4%	2.2%	0.4%	989.8M	-43.40B	-167.0M	1.01	2.78	229,429	232,181	1,135,212	926,744
2025-02-14	$739.80	$625.00	26.9%	7.8%	13.0%	7.7%	27.7%	1.6%	0.5%	2.16B	-48.62B	-165.0M	0.87	3.13	452,065	393,660	1,146,795	958,847
2025-02-18	$710.45	$650.00	28.8%	8.3%	21.8%	14.5%	29.1%	1.6%	-0.1%	258.4M	-34.44B	-167.8M	0.79	3.40	348,361	274,915	1,097,459	889,939
2025-02-19	$702.23	$650.00	28.3%	8.1%	22.8%	12.6%	28.4%	1.4%	-0.0%	31.5M	-31.81B	-165.6M	0.63	2.83	349,855	220,042	1,153,606	930,240
2025-02-20	$697.26	$650.00	27.9%	8.0%	23.1%	11.4%	28.1%	1.7%	0.1%	-36.2M	-30.49B	-168.0M	0.49	2.86	293,057	142,281	1,213,100	955,173
2025-02-21	$682.83	$650.00	29.0%	8.3%	24.8%	15.2%	29.4%	2.6%	-0.1%	-14.0M	-24.59B	-167.8M	0.77	3.74	341,404	261,883	1,240,649	960,017
2025-02-24	$669.54	$650.00	30.2%	8.7%	25.2%	19.5%	30.8%	2.7%	0.1%	28.8M	-20.62B	-161.8M	0.76	2.98	222,352	167,901	1,046,497	814,373
2025-02-25	$658.45	$650.00	32.6%	9.5%	25.5%	28.4%	33.3%	3.4%	-0.1%	56.5M	-18.23B	-163.1M	0.63	2.58	305,934	192,726	1,091,588	836,143
2025-02-26	$674.27	$650.00	32.6%	9.5%	24.5%	28.2%	33.0%	3.2%	-0.1%	367.3M	-24.48B	-170.1M	0.47	3.88	315,562	148,393	1,134,813	860,059
2025-02-27	$659.33	$650.00	34.8%	10.2%	25.8%	36.2%	35.4%	3.9%	-0.2%	104.0M	-19.24B	-167.9M	0.56	4.22	280,129	157,552	1,155,247	875,596
2025-02-28	$661.78	$650.00	33.7%	9.8%	25.0%	32.1%	34.0%	3.9%	0.0%	162.4M	-21.12B	-164.8M	0.71	3.20	297,474	211,769	1,186,631	878,439