META Options History — March 2025

In March 2025, META traded between $575.91 and $656.19. ATM implied volatility averaged 38.8%, placing in the 50.7% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 2.2% (HV 20d: 36.5%). Max pain ranged from $615.00 to $650.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.63.

Notable Days

2025-03-20: Highest Volume — 772,520 contracts
2025-03-10: Largest IV spike — 20.6% change
2025-03-10: Highest IV Rank — 78.1%
2025-03-10: Largest Expected Move — 15.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$609.04	$575.91	$656.19	$652.36	$577.13
Max Pain	$630.48	$615.00	$650.00	$650.00	$615.00
ATM IV	38.8%	34.8%	46.3%	37.0%	45.8%
Expected Move	12.1%	10.6%	15.8%	11.0%	12.5%
HV 20d	36.5%	24.8%	44.7%	25.4%	44.7%
HV 60d	31.0%	26.8%	34.8%	27.3%	34.8%
IV Rank	50.7%	36.4%	78.1%	44.1%	76.1%
IV Percentile	62.3%	53.6%	81.3%	61.9%	77.4%
Term Structure	1.5%	-1.8%	6.0%	-0.5%	-1.8%
VWIV	41.7%	36.9%	54.9%	37.6%	42.8%
Skew 25d	5.6%	4.0%	8.3%	4.7%	6.1%
Skew 10d	11.1%	7.9%	16.5%	10.0%	12.0%
Call IV 25d	35.7%	32.8%	43.5%	34.6%	43.5%
Put IV 25d	41.4%	37.0%	49.9%	39.3%	49.7%
Bid-Ask Spread %	4.19	2.08	5.24	3.94	4.51
Gamma HHI	0.03	0.02	0.04	0.03	0.02
Net GEX	159.6M	-116.6M	534.6M	184.7M	37.5M
Net DEX	-13.26B	-21.47B	-6.05B	-19.23B	-8.62B
Net VEX	-160.5M	-168.1M	-151.8M	-166.5M	-154.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.63	0.52	0.84	0.61	0.67
Total Volume	450,491.238	260,169	772,520	260,169	380,341
Total OI	2,025,631.143	1,878,422	2,214,403	1,881,006	1,941,885

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
2025-03-03	$652.36	$650.00	37.0%	11.0%	25.4%	44.1%	37.6%	4.7%	-0.5%	184.7M	-19.23B	-166.5M	0.61	3.94	161,153	99,016	1,068,320	812,686
2025-03-04	$642.81	$650.00	37.0%	11.2%	24.8%	44.2%	39.4%	5.1%	-0.6%	90.6M	-16.50B	-164.9M	0.58	5.09	336,659	196,288	1,092,156	834,302
2025-03-05	$656.19	$650.00	35.3%	10.6%	26.0%	38.2%	36.9%	4.6%	-0.6%	353.4M	-21.42B	-168.1M	0.52	3.07	206,815	108,329	1,141,919	864,906
2025-03-06	$626.12	$650.00	39.3%	12.1%	30.1%	52.7%	41.9%	5.9%	-0.8%	-15.3M	-12.44B	-163.8M	0.66	4.63	239,209	158,694	1,153,390	883,242
2025-03-07	$623.83	$645.00	38.4%	11.7%	29.8%	49.4%	40.9%	6.0%	-0.9%	-76.3M	-12.54B	-163.2M	0.56	4.76	436,316	246,272	1,190,417	890,704
2025-03-10	$596.17	$640.00	46.3%	15.8%	32.2%	78.1%	54.9%	8.3%	-1.6%	58.3M	-8.56B	-160.0M	0.65	4.68	252,453	162,982	1,112,628	838,916
2025-03-11	$609.13	$635.00	42.6%	14.1%	33.9%	64.8%	49.6%	7.4%	-1.2%	178.2M	-12.17B	-164.8M	0.57	3.59	227,539	129,441	1,170,201	865,295
2025-03-12	$619.68	$630.00	40.2%	12.8%	34.7%	55.7%	44.4%	7.0%	-1.1%	261.2M	-14.94B	-166.9M	0.56	3.20	223,149	124,509	1,189,704	882,211
2025-03-13	$590.54	$630.00	43.0%	13.8%	37.1%	66.0%	47.2%	7.5%	-1.2%	-2.7M	-7.07B	-157.9M	0.62	2.84	280,793	172,751	1,208,715	896,915
2025-03-14	$605.92	$630.00	37.3%	11.0%	39.0%	45.3%	38.6%	6.3%	-0.7%	263.2M	-11.17B	-159.4M	0.72	2.08	269,547	192,779	1,243,418	919,075
2025-03-17	$606.19	$625.00	36.0%	11.8%	38.0%	40.8%	40.9%	5.8%	3.4%	144.9M	-13.13B	-158.3M	0.76	4.31	157,824	119,585	1,138,630	839,134
2025-03-18	$580.05	$625.00	38.4%	12.3%	38.4%	49.3%	41.8%	6.0%	2.9%	-622.4K	-7.41B	-151.8M	0.62	4.72	264,331	164,353	1,161,277	853,831
2025-03-19	$589.80	$625.00	35.9%	11.6%	39.5%	40.4%	39.5%	5.0%	3.5%	112.7M	-10.83B	-155.4M	0.53	5.24	282,648	148,447	1,209,208	872,137
2025-03-20	$587.05	$620.00	37.4%	11.9%	39.6%	45.6%	40.6%	4.6%	3.2%	201.2M	-11.58B	-156.4M	0.69	4.42	456,452	316,068	1,259,480	893,800
2025-03-21	$593.92	$620.00	36.8%	11.6%	39.9%	43.6%	39.6%	4.3%	3.7%	250.2M	-13.62B	-158.4M	0.59	3.53	456,069	269,951	1,295,213	919,190
2025-03-24	$616.95	$620.00	35.6%	11.1%	42.6%	39.1%	38.7%	4.5%	4.7%	434.1M	-19.04B	-161.2M	0.54	4.46	258,822	140,270	1,082,984	795,438
2025-03-25	$624.94	$620.00	34.8%	11.1%	42.8%	36.4%	38.7%	4.0%	5.7%	534.6M	-21.47B	-164.9M	0.54	3.98	297,147	159,009	1,117,952	817,378
2025-03-26	$609.53	$620.00	37.0%	11.5%	42.3%	44.3%	40.7%	4.6%	5.3%	252.4M	-16.07B	-162.5M	0.76	4.86	201,686	152,722	1,142,539	847,724
2025-03-27	$605.55	$620.00	37.4%	11.4%	41.8%	45.6%	39.5%	4.5%	6.0%	205.1M	-14.66B	-160.2M	0.62	4.84	210,305	130,075	1,162,777	867,526
2025-03-28	$575.91	$620.00	42.5%	12.4%	44.7%	64.4%	42.2%	5.5%	5.0%	-116.6M	-6.05B	-152.5M	0.84	5.22	363,802	305,715	1,181,271	879,760
2025-03-31	$577.13	$615.00	45.8%	12.5%	44.7%	76.1%	42.8%	6.1%	-1.8%	37.5M	-8.62B	-154.5M	0.67	4.51	227,834	152,507	1,109,023	832,862