META Options History — August 2025

In August 2025, META traded between $736.88 and $789.12. ATM implied volatility averaged 26.7%, placing in the 4.2% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 17.8% (HV 20d: 44.5%). Max pain ranged from $635.00 to $690.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.60.

Notable Days

2025-08-01: Highest Volume — 774,343 contracts
2025-08-22: Largest IV drop — 8.8% change
2025-08-01: Highest IV Rank — 8.8%
2025-08-01: Largest Expected Move — 8.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$761.98	$736.88	$789.12	$748.98	$736.88
Max Pain	$660.95	$635.00	$690.00	$690.00	$680.00
ATM IV	26.7%	25.3%	28.8%	28.8%	26.3%
Expected Move	7.7%	7.2%	8.3%	8.3%	7.4%
HV 20d	44.5%	25.4%	48.4%	44.2%	25.4%
HV 60d	33.0%	31.9%	35.6%	35.0%	32.0%
IV Rank	4.2%	1.2%	8.8%	8.8%	3.2%
IV Percentile	8.0%	0.8%	25.4%	23.4%	6.3%
Term Structure	0.2%	-0.4%	0.5%	-0.4%	0.4%
VWIV	27.2%	25.2%	29.6%	29.6%	26.0%
Skew 25d	2.9%	2.2%	4.2%	4.2%	3.0%
Skew 10d	6.3%	4.7%	8.5%	8.5%	6.7%
Call IV 25d	25.5%	24.2%	27.1%	27.1%	24.9%
Put IV 25d	28.4%	26.6%	31.3%	31.3%	27.9%
Bid-Ask Spread %	5.64	2.76	39.74	6.10	3.19
Gamma HHI	0.04	0.02	0.08	0.07	0.08
Net GEX	817.1M	-272.7M	1.46B	784.7M	-272.7M
Net DEX	-36.17B	-47.20B	-25.83B	-35.56B	-25.83B
Net VEX	-182.2M	-186.1M	-176.2M	-177.2M	-176.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.43	0.99	0.76	0.72
Total Volume	362,289.905	134,487	774,343	774,343	382,789
Total OI	2,048,424.857	1,861,878	2,214,891	2,214,891	2,060,565

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
2025-08-01	$748.98	$690.00	28.8%	8.3%	44.2%	8.8%	29.6%	4.2%	-0.4%	784.7M	-35.56B	-177.2M	0.76	6.10	438,848	335,495	1,257,758	957,133
2025-08-04	$774.79	$635.00	27.4%	8.0%	45.6%	5.6%	28.0%	3.2%	0.1%	1.00B	-42.04B	-182.4M	0.47	3.98	272,368	127,629	1,143,740	813,376
2025-08-05	$764.77	$635.00	27.7%	8.0%	45.9%	6.3%	28.2%	3.3%	0.1%	918.5M	-39.22B	-181.6M	0.56	3.83	204,451	114,436	1,195,889	841,185
2025-08-06	$771.02	$640.00	26.6%	7.8%	45.5%	4.0%	28.1%	2.8%	0.2%	1.18B	-41.87B	-186.1M	0.54	4.58	170,986	92,443	1,234,765	858,027
2025-08-07	$763.68	$640.00	26.9%	7.8%	45.5%	4.6%	27.6%	3.2%	0.1%	940.3M	-38.83B	-183.9M	0.54	4.17	185,995	100,799	1,247,959	869,343
2025-08-08	$768.21	$640.00	25.5%	7.5%	45.1%	1.5%	26.1%	2.2%	0.2%	1.32B	-40.82B	-182.9M	0.62	3.76	231,428	144,366	1,270,124	878,867
2025-08-11	$766.30	$650.00	26.8%	7.8%	45.2%	4.4%	27.4%	2.6%	0.4%	952.0M	-39.21B	-180.7M	0.54	3.59	133,941	72,196	1,176,735	812,224
2025-08-12	$789.12	$650.00	26.5%	7.7%	45.8%	3.8%	27.4%	2.2%	0.4%	1.44B	-47.20B	-184.7M	0.45	4.29	404,243	181,659	1,203,847	831,139
2025-08-13	$778.87	$650.00	25.9%	7.6%	45.8%	2.5%	26.6%	2.3%	0.4%	1.13B	-42.41B	-186.0M	0.58	3.24	196,841	114,701	1,234,974	862,007
2025-08-14	$783.78	$655.00	25.5%	7.4%	45.7%	1.5%	26.3%	2.2%	0.4%	1.27B	-44.24B	-186.0M	0.52	3.19	219,745	113,874	1,254,333	878,577
2025-08-15	$788.07	$655.00	25.5%	7.4%	45.7%	1.5%	26.4%	2.2%	0.5%	1.46B	-46.12B	-185.2M	0.43	39.74	426,574	182,216	1,276,037	892,930
2025-08-18	$770.42	$660.00	26.9%	7.7%	46.6%	4.6%	27.2%	2.4%	0.1%	714.1M	-34.76B	-183.1M	0.61	4.99	284,317	172,956	1,096,267	765,611
2025-08-19	$749.88	$670.00	27.9%	8.0%	47.8%	6.7%	27.9%	3.1%	-0.1%	362.2M	-29.18B	-179.9M	0.57	5.30	229,863	131,863	1,154,553	811,475
2025-08-20	$748.07	$675.00	27.9%	8.0%	47.7%	6.8%	28.3%	3.3%	0.1%	367.3M	-28.85B	-182.3M	0.78	3.38	222,608	174,498	1,185,665	830,830
2025-08-21	$738.78	$675.00	28.7%	8.2%	48.0%	8.6%	28.6%	3.9%	-0.0%	257.3M	-26.35B	-183.5M	0.99	3.21	178,837	177,304	1,209,996	847,325
2025-08-22	$754.50	$675.00	26.2%	7.5%	48.4%	3.1%	26.3%	2.7%	0.3%	814.6M	-32.97B	-184.5M	0.57	5.34	289,086	164,339	1,227,950	857,859
2025-08-25	$754.71	$675.00	26.2%	7.5%	48.4%	2.9%	26.0%	2.8%	0.4%	644.2M	-31.90B	-182.3M	0.53	3.55	110,151	58,621	1,139,935	806,024
2025-08-26	$753.21	$675.00	26.0%	7.4%	48.0%	2.6%	26.6%	2.9%	0.3%	681.2M	-31.53B	-182.3M	0.58	3.00	85,329	49,158	1,165,298	820,303
2025-08-27	$747.36	$675.00	26.6%	7.6%	47.8%	4.0%	26.8%	2.8%	0.2%	528.0M	-29.69B	-178.9M	0.60	3.30	133,338	80,164	1,177,207	828,500
2025-08-28	$750.25	$680.00	25.3%	7.2%	27.4%	1.2%	25.2%	2.4%	0.4%	665.1M	-30.95B	-176.4M	0.54	2.76	141,008	76,625	1,199,424	841,166
2025-08-29	$736.88	$680.00	26.3%	7.4%	25.4%	3.2%	26.0%	3.0%	0.4%	-272.7M	-25.83B	-176.2M	0.72	3.19	222,823	159,966	1,213,956	846,609