META Options History — July 2025

In July 2025, META traded between $695.16 and $774.88. ATM implied volatility averaged 37.6%, placing in the 28.1% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 14.8% (HV 20d: 22.9%). Max pain ranged from $650.00 to $685.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.51.

Notable Days

2025-07-31: Highest Volume — 1,210,461 contracts
2025-07-31: Largest IV drop — 26.3% change
2025-07-07: Highest IV Rank — 32.2%
2025-07-29: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$716.48	$695.16	$774.88	$719.23	$774.88
Max Pain	$666.36	$650.00	$685.00	$650.00	$685.00
ATM IV	37.6%	27.4%	39.5%	38.0%	27.4%
Expected Move	10.8%	7.7%	12.6%	7.8%	8.0%
HV 20d	22.9%	15.9%	42.1%	25.3%	42.1%
HV 60d	34.2%	26.6%	48.1%	48.1%	34.4%
IV Rank	28.1%	5.7%	32.2%	28.9%	5.7%
IV Percentile	58.9%	8.7%	66.3%	59.9%	8.7%
Term Structure	-1.7%	-2.2%	-0.5%	-1.4%	-0.5%
VWIV	37.8%	27.3%	44.2%	27.7%	29.3%
Skew 25d	2.2%	0.8%	3.3%	3.3%	2.5%
Skew 10d	3.9%	1.8%	6.3%	6.3%	5.8%
Call IV 25d	36.6%	26.4%	38.6%	37.4%	26.4%
Put IV 25d	38.8%	28.9%	40.8%	40.7%	28.9%
Bid-Ask Spread %	4.47	2.45	8.40	2.45	4.01
Gamma HHI	0.04	0.02	0.06	0.04	0.05
Net GEX	749.3M	273.6M	1.40B	777.0M	1.40B
Net DEX	-31.23B	-49.83B	-22.74B	-32.71B	-49.83B
Net VEX	-169.3M	-175.1M	-161.9M	-175.1M	-172.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.51	0.36	0.84	0.55	0.72
Total Volume	360,786.864	177,697	1,210,461	370,557	1,210,461
Total OI	1,959,913.227	1,819,219	2,116,738	1,918,184	2,099,849

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
2025-07-01	$719.23	$650.00	38.0%	7.8%	25.3%	28.9%	27.7%	3.3%	-1.4%	777.0M	-32.71B	-175.1M	0.55	2.45	238,984	131,573	1,124,264	793,920
2025-07-02	$713.88	$650.00	39.3%	7.7%	25.4%	31.7%	27.3%	2.9%	-1.7%	647.0M	-31.10B	-174.1M	0.48	8.40	188,352	89,956	1,159,548	809,768
2025-07-03	$719.62	$650.00	38.7%	10.4%	24.0%	30.4%	36.3%	2.8%	-1.7%	888.0M	-33.67B	-173.9M	0.46	4.22	267,323	121,770	1,190,500	818,299
2025-07-07	$719.17	$650.00	39.5%	10.7%	24.1%	32.2%	37.5%	3.1%	-1.5%	733.0M	-32.80B	-171.2M	0.45	4.34	163,595	74,277	1,106,074	782,752
2025-07-08	$718.82	$650.00	39.0%	10.6%	23.3%	31.1%	37.3%	2.9%	-1.7%	769.9M	-32.87B	-171.1M	0.43	4.19	158,534	67,586	1,131,249	799,821
2025-07-09	$734.29	$650.00	38.6%	10.6%	24.2%	30.1%	37.2%	2.5%	-1.6%	1.27B	-39.16B	-171.4M	0.43	4.11	284,876	123,648	1,163,790	810,388
2025-07-10	$727.13	$660.00	38.5%	10.6%	24.5%	29.9%	37.3%	2.3%	-1.8%	1.15B	-36.45B	-172.0M	0.51	3.30	211,210	107,114	1,191,784	827,098
2025-07-11	$718.25	$660.00	38.5%	10.6%	24.5%	29.9%	37.2%	2.1%	-2.0%	878.8M	-32.71B	-171.7M	0.48	4.08	360,734	174,171	1,210,633	838,827
2025-07-14	$720.22	$660.00	38.9%	11.0%	24.5%	30.8%	38.3%	2.5%	-1.7%	724.7M	-33.24B	-169.7M	0.50	3.44	148,818	74,000	1,122,735	813,354
2025-07-15	$713.03	$670.00	39.0%	11.1%	24.0%	31.1%	38.6%	2.7%	-1.9%	652.5M	-30.95B	-168.0M	0.36	5.19	229,963	82,115	1,154,472	828,479
2025-07-16	$702.86	$670.00	39.1%	11.2%	22.5%	31.3%	39.2%	2.7%	-1.9%	417.3M	-27.27B	-165.9M	0.53	3.84	246,267	130,962	1,177,211	844,792
2025-07-17	$701.41	$670.00	39.5%	11.4%	22.5%	32.0%	39.9%	2.1%	-1.9%	397.7M	-27.18B	-167.3M	0.45	4.02	235,681	105,407	1,204,884	867,450
2025-07-18	$703.09	$670.00	38.5%	11.2%	22.5%	29.9%	39.7%	1.7%	-2.2%	753.9M	-28.55B	-167.0M	0.49	4.19	358,791	177,308	1,236,107	880,631
2025-07-21	$712.53	$670.00	37.4%	11.3%	21.4%	27.5%	39.7%	1.8%	-1.7%	702.2M	-28.38B	-167.3M	0.37	4.04	216,676	80,895	1,070,313	749,286
2025-07-22	$706.80	$675.00	38.1%	11.6%	20.5%	29.0%	40.6%	2.2%	-1.8%	611.4M	-26.56B	-169.1M	0.46	4.39	152,155	69,500	1,111,240	769,396
2025-07-23	$713.12	$675.00	37.1%	11.4%	19.3%	26.8%	40.1%	1.8%	-1.8%	818.5M	-28.96B	-169.0M	0.51	5.22	136,400	70,069	1,133,270	783,078
2025-07-24	$717.40	$675.00	36.0%	11.1%	19.4%	24.4%	39.3%	1.6%	-1.7%	1.07B	-30.26B	-168.8M	0.44	3.72	213,049	94,059	1,139,942	794,486
2025-07-25	$712.62	$680.00	35.6%	11.2%	17.6%	23.6%	39.2%	1.9%	-1.8%	681.4M	-27.98B	-167.0M	0.46	4.89	245,066	112,852	1,148,282	805,502
2025-07-28	$715.04	$680.00	36.6%	12.1%	17.5%	25.7%	42.2%	1.5%	-1.6%	476.8M	-28.20B	-164.9M	0.69	2.93	105,174	72,523	1,058,320	760,899
2025-07-29	$703.99	$680.00	37.9%	12.6%	17.7%	28.5%	44.2%	0.8%	-2.0%	383.5M	-25.45B	-166.4M	0.84	5.54	104,229	87,282	1,083,842	789,283
2025-07-30	$695.16	$680.00	37.2%	12.5%	15.9%	27.0%	43.6%	0.9%	-2.0%	273.6M	-22.74B	-161.9M	0.71	7.81	241,483	172,423	1,107,841	824,432
2025-07-31	$774.88	$685.00	27.4%	8.0%	42.1%	5.7%	29.3%	2.5%	-0.5%	1.40B	-49.83B	-172.5M	0.72	4.01	705,631	504,830	1,194,329	905,520