META Options History — May 2025

In May 2025, META traded between $575.55 and $657.61. ATM implied volatility averaged 31.4%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 18.1% (HV 20d: 49.4%). Max pain ranged from $505.00 to $562.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.57.

Notable Days

2025-05-02: Highest Volume — 1,036,037 contracts
2025-05-12: Largest IV drop — 8.4% change
2025-05-01: Highest IV Rank — 23.0%
2025-05-01: Largest Expected Move — 10.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$625.99	$575.55	$657.61	$575.55	$644.70
Max Pain	$526.07	$505.00	$562.50	$550.00	$540.00
ATM IV	31.4%	28.8%	35.3%	35.3%	29.0%
Expected Move	9.0%	8.2%	10.6%	10.6%	8.2%
HV 20d	49.4%	34.6%	78.9%	78.9%	34.6%
HV 60d	55.4%	53.5%	56.8%	53.5%	55.5%
IV Rank	14.3%	8.7%	23.0%	23.0%	9.3%
IV Percentile	40.5%	26.2%	54.0%	54.0%	26.2%
Term Structure	0.1%	-0.2%	0.3%	-0.0%	0.1%
VWIV	32.0%	29.5%	37.4%	37.4%	29.5%
Skew 25d	3.6%	2.6%	4.4%	3.8%	3.7%
Skew 10d	7.5%	5.7%	9.1%	7.4%	7.9%
Call IV 25d	29.9%	27.4%	33.6%	33.6%	27.4%
Put IV 25d	33.5%	30.6%	37.4%	37.4%	31.1%
Bid-Ask Spread %	3.60	2.22	16.04	2.74	2.32
Gamma HHI	0.04	0.03	0.13	0.04	0.05
Net GEX	642.0M	257.8M	988.5M	661.3M	767.1M
Net DEX	-27.23B	-38.50B	-19.51B	-19.51B	-28.64B
Net VEX	-170.0M	-177.0M	-157.3M	-157.3M	-167.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.57	0.34	0.85	0.54	0.71
Total Volume	409,608.762	173,883	1,036,037	905,899	358,777
Total OI	2,155,553.476	2,005,970	2,313,772	2,241,336	2,098,542

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
2025-05-01	$575.55	$550.00	35.3%	10.6%	78.9%	23.0%	37.4%	3.8%	-0.0%	661.3M	-19.51B	-157.3M	0.54	2.74	586,829	319,070	1,300,822	940,514
2025-05-02	$596.92	$562.50	33.8%	9.8%	72.8%	19.6%	34.6%	3.5%	0.3%	973.7M	-25.97B	-166.4M	0.47	2.84	702,468	333,569	1,345,449	968,323
2025-05-05	$600.81	$505.00	34.1%	9.8%	70.7%	20.2%	35.6%	3.8%	0.3%	601.4M	-23.07B	-168.3M	0.45	2.86	221,721	100,379	1,229,086	867,872
2025-05-06	$590.13	$510.00	34.3%	9.8%	71.3%	20.7%	34.8%	4.3%	0.1%	495.3M	-19.73B	-166.9M	0.47	2.74	195,607	91,950	1,272,939	889,933
2025-05-07	$600.79	$510.00	33.8%	9.7%	70.7%	19.7%	34.3%	4.4%	0.2%	698.3M	-23.16B	-168.5M	0.47	16.04	198,588	92,664	1,293,613	903,034
2025-05-08	$601.35	$510.00	32.6%	9.4%	49.8%	17.1%	32.9%	4.2%	0.1%	750.8M	-23.49B	-167.3M	0.61	4.57	277,360	169,248	1,307,856	917,721
2025-05-09	$593.27	$515.00	32.3%	9.3%	41.6%	16.4%	32.3%	4.3%	0.0%	439.2M	-20.06B	-164.5M	0.46	2.84	345,821	157,811	1,327,922	930,137
2025-05-12	$638.77	$515.00	29.6%	8.5%	48.3%	10.5%	30.5%	3.3%	-0.0%	787.5M	-33.13B	-169.7M	0.51	2.79	436,982	223,651	1,227,164	873,720
2025-05-13	$657.61	$520.00	28.8%	8.3%	48.1%	8.7%	29.9%	2.6%	0.0%	988.5M	-38.50B	-175.4M	0.58	2.70	362,594	211,224	1,271,103	908,916
2025-05-14	$656.81	$525.00	29.6%	8.5%	46.4%	10.5%	30.2%	2.8%	-0.0%	906.3M	-37.50B	-177.0M	0.71	2.67	186,046	131,488	1,292,637	941,354
2025-05-15	$643.23	$520.00	29.8%	8.5%	43.2%	11.0%	30.3%	3.0%	-0.1%	661.8M	-32.17B	-174.8M	0.85	5.58	195,338	166,542	1,313,887	958,298
2025-05-16	$638.15	$520.00	29.5%	8.4%	43.8%	10.2%	29.9%	2.8%	-0.2%	366.1M	-29.96B	-173.5M	0.66	2.80	356,938	235,311	1,330,063	974,248
2025-05-19	$638.91	$525.00	30.4%	8.7%	40.5%	12.2%	31.0%	2.9%	0.2%	552.0M	-27.41B	-171.8M	0.59	2.68	146,849	85,951	1,172,179	846,629
2025-05-20	$635.56	$525.00	30.3%	8.7%	40.6%	12.1%	31.1%	3.2%	0.2%	523.1M	-26.49B	-171.9M	0.54	2.50	112,614	61,269	1,209,364	863,451
2025-05-21	$635.48	$530.00	32.0%	9.2%	39.5%	15.7%	32.2%	3.7%	-0.1%	512.6M	-26.48B	-174.5M	0.55	3.53	199,353	109,295	1,223,819	872,319
2025-05-22	$638.24	$530.00	31.3%	9.0%	39.2%	14.1%	31.7%	3.6%	0.0%	510.4M	-27.30B	-174.3M	0.52	3.27	148,560	77,356	1,234,780	886,040
2025-05-23	$628.88	$530.00	31.7%	9.1%	39.4%	15.0%	32.2%	4.3%	0.2%	257.8M	-24.03B	-172.3M	0.82	3.03	178,262	146,603	1,249,647	889,558
2025-05-27	$640.98	$530.00	30.4%	8.7%	39.7%	12.2%	30.9%	3.7%	-0.1%	574.4M	-27.59B	-168.8M	0.52	2.27	133,165	69,369	1,162,626	843,344
2025-05-28	$645.36	$535.00	30.2%	8.6%	39.7%	11.7%	30.3%	3.5%	0.1%	688.9M	-29.06B	-169.4M	0.34	2.61	173,117	59,286	1,187,031	858,544
2025-05-29	$644.26	$540.00	29.6%	8.4%	38.8%	10.5%	29.7%	3.8%	0.1%	765.0M	-28.70B	-169.3M	0.51	2.22	160,981	81,778	1,213,939	868,200
2025-05-30	$644.70	$540.00	29.0%	8.2%	34.6%	9.3%	29.5%	3.7%	0.1%	767.1M	-28.64B	-167.7M	0.71	2.32	210,194	148,583	1,223,644	874,898