META Options History — September 2025

In September 2025, META traded between $732.86 and $779.35. ATM implied volatility averaged 29.3%, placing in the 9.8% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 10.2% (HV 20d: 19.1%). Max pain ranged from $680.00 to $735.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.52.

Notable Days

2025-09-19: Highest Volume — 539,823 contracts
2025-09-29: Largest IV spike — 16.0% change
2025-09-30: Highest IV Rank — 31.4%
2025-09-23: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$755.80	$732.86	$779.35	$734.25	$732.86
Max Pain	$714.05	$680.00	$735.00	$680.00	$735.00
ATM IV	29.3%	26.2%	39.2%	28.0%	39.2%
Expected Move	8.0%	7.6%	8.4%	8.1%	8.3%
HV 20d	19.1%	15.3%	22.5%	21.8%	16.9%
HV 60d	31.2%	30.4%	32.1%	32.1%	30.5%
IV Rank	9.8%	2.9%	31.4%	6.9%	31.4%
IV Percentile	29.0%	4.4%	71.0%	20.6%	71.0%
Term Structure	2.5%	-0.5%	10.7%	-0.0%	-0.4%
VWIV	28.4%	27.1%	29.5%	28.7%	29.4%
Skew 25d	2.2%	1.4%	3.6%	3.6%	1.8%
Skew 10d	4.7%	3.0%	7.8%	7.6%	3.3%
Call IV 25d	28.3%	25.0%	39.3%	26.4%	39.3%
Put IV 25d	30.5%	27.9%	41.1%	30.0%	41.1%
Bid-Ask Spread %	4.58	2.40	6.80	2.85	3.64
Gamma HHI	0.04	0.02	0.07	0.03	0.02
Net GEX	705.8M	-30.0M	1.48B	354.7M	257.3M
Net DEX	-31.98B	-42.21B	-23.09B	-26.15B	-23.09B
Net VEX	-179.3M	-185.2M	-172.6M	-174.2M	-177.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.28	0.80	0.80	0.58
Total Volume	305,268.095	169,221	539,823	206,915	350,534
Total OI	2,005,982.429	1,795,187	2,187,393	1,945,860	1,928,677

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
2025-09-02	$734.25	$680.00	28.0%	8.1%	21.8%	6.9%	28.7%	3.6%	-0.0%	354.7M	-26.15B	-174.2M	0.80	2.85	114,716	92,199	1,127,642	818,218
2025-09-03	$736.37	$680.00	27.2%	7.8%	21.5%	5.2%	28.0%	3.6%	0.0%	425.8M	-26.96B	-172.6M	0.51	2.40	111,905	57,316	1,150,268	834,608
2025-09-04	$747.56	$700.00	26.6%	7.7%	22.1%	3.9%	27.5%	3.2%	0.1%	836.0M	-30.98B	-176.6M	0.52	4.63	236,127	121,694	1,173,254	844,910
2025-09-05	$753.64	$700.00	26.2%	7.6%	22.2%	2.9%	27.1%	2.9%	0.1%	1.27B	-33.14B	-177.5M	0.60	4.82	200,462	121,016	1,198,324	857,230
2025-09-08	$757.18	$700.00	26.7%	7.7%	22.1%	4.2%	27.5%	2.8%	0.3%	777.9M	-33.18B	-176.4M	0.60	4.65	143,492	85,481	1,138,102	818,975
2025-09-09	$765.80	$705.00	26.9%	7.8%	22.5%	4.7%	27.4%	2.8%	0.1%	969.6M	-36.13B	-180.3M	0.52	4.50	163,633	84,559	1,168,746	839,897
2025-09-10	$753.11	$710.00	27.6%	7.9%	20.4%	6.1%	27.9%	2.7%	0.1%	654.0M	-32.14B	-177.1M	0.53	4.88	153,304	80,811	1,188,752	856,307
2025-09-11	$752.67	$710.00	27.1%	7.8%	20.0%	5.1%	27.9%	2.3%	0.0%	631.8M	-32.19B	-176.8M	0.50	4.86	160,617	80,407	1,212,533	868,601
2025-09-12	$753.84	$710.00	26.9%	7.7%	19.8%	4.5%	27.4%	1.9%	0.2%	750.9M	-32.86B	-175.9M	0.53	5.56	224,292	119,757	1,232,896	879,755
2025-09-15	$763.83	$710.00	28.2%	8.1%	20.4%	7.5%	28.7%	1.4%	0.4%	820.8M	-36.15B	-179.1M	0.32	5.38	270,061	87,357	1,169,695	840,756
2025-09-16	$778.30	$715.00	28.9%	8.3%	20.0%	9.0%	29.5%	1.4%	0.5%	1.14B	-41.37B	-184.3M	0.28	5.36	267,131	74,928	1,220,136	857,737
2025-09-17	$777.58	$715.00	28.8%	8.3%	17.1%	8.8%	29.4%	1.6%	0.4%	1.28B	-41.43B	-184.2M	0.34	4.68	212,419	73,230	1,260,779	864,887
2025-09-18	$779.35	$715.00	28.2%	8.1%	17.1%	7.4%	28.4%	1.4%	0.4%	1.48B	-42.21B	-185.2M	0.41	4.16	291,433	120,552	1,280,976	877,133
2025-09-19	$774.69	$720.00	27.8%	7.9%	16.5%	6.5%	28.2%	1.4%	0.4%	1.15B	-39.71B	-184.9M	0.46	6.80	370,573	169,250	1,292,554	894,839
2025-09-22	$768.36	$720.00	28.8%	8.2%	15.3%	8.8%	28.8%	1.8%	9.7%	613.1M	-32.00B	-183.9M	0.55	4.47	175,421	96,137	1,055,493	739,694
2025-09-23	$753.86	$730.00	29.8%	8.4%	16.9%	11.0%	29.3%	2.2%	9.5%	375.4M	-27.67B	-180.9M	0.55	4.83	216,676	118,530	1,104,965	767,514
2025-09-24	$758.13	$735.00	29.7%	8.3%	17.0%	10.6%	28.9%	1.9%	9.8%	449.4M	-29.33B	-180.2M	0.40	4.59	179,096	71,729	1,134,435	787,945
2025-09-25	$748.84	$735.00	31.9%	8.3%	17.3%	15.4%	29.2%	2.0%	10.2%	230.7M	-25.85B	-181.7M	0.58	4.14	204,972	118,305	1,159,352	801,762
2025-09-26	$740.47	$735.00	32.5%	7.9%	17.7%	16.8%	27.8%	1.7%	10.7%	-30.0M	-23.60B	-177.7M	0.69	4.68	230,903	160,187	1,190,377	811,857
2025-09-29	$741.05	$735.00	37.7%	8.2%	16.5%	28.1%	28.7%	2.3%	-0.5%	379.4M	-25.33B	-177.8M	0.58	4.31	125,854	73,564	1,097,997	777,053
2025-09-30	$732.86	$735.00	39.2%	8.3%	16.9%	31.4%	29.4%	1.8%	-0.4%	257.3M	-23.09B	-177.5M	0.58	3.64	221,473	129,061	1,128,187	800,490