META Options History — October 2025

In October 2025, META traded between $649.64 and $752.93. ATM implied volatility averaged 43.6%, placing in the 41.2% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 20.9% (HV 20d: 22.8%). Max pain ranged from $700.00 to $735.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 0.52.

Notable Days

2025-10-30: Highest Volume — 2,240,904 contracts
2025-10-30: Largest IV drop — 13.7% change
2025-10-10: Highest IV Rank — 51.0%
2025-10-16: Largest Expected Move — 13.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$719.53	$649.64	$752.93	$717.60	$649.64
Max Pain	$719.57	$700.00	$735.00	$735.00	$700.00
ATM IV	43.6%	36.2%	48.2%	43.1%	36.6%
Expected Move	11.8%	8.7%	13.1%	9.0%	10.8%
HV 20d	22.8%	16.9%	48.9%	18.5%	48.9%
HV 60d	29.5%	20.0%	32.3%	30.8%	32.3%
IV Rank	41.2%	25.0%	51.0%	40.0%	25.8%
IV Percentile	79.8%	59.5%	93.3%	77.8%	60.3%
Term Structure	-1.9%	-2.6%	0.1%	-1.4%	0.1%
VWIV	41.5%	30.5%	45.5%	32.1%	40.1%
Skew 25d	1.7%	-2.5%	4.5%	1.4%	-0.6%
Skew 10d	2.8%	-6.3%	8.1%	2.8%	-4.9%
Call IV 25d	42.9%	37.8%	46.9%	42.6%	37.8%
Put IV 25d	44.5%	35.6%	50.8%	43.9%	37.2%
Bid-Ask Spread %	6.01	3.11	27.88	4.49	4.30
Gamma HHI	0.04	0.02	0.17	0.02	0.16
Net GEX	562.9M	-732.4M	1.43B	54.2M	-732.4M
Net DEX	-24.84B	-35.03B	-6.53B	-18.78B	-6.53B
Net VEX	-192.1M	-202.3M	-171.9M	-178.7M	-202.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.34	0.70	0.53	0.49
Total Volume	507,938.217	196,962	2,240,904	612,523	1,596,935
Total OI	2,229,560.304	2,000,889	2,909,000	2,000,889	2,909,000

Daily Data (23 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
2025-10-01	$717.60	$735.00	43.1%	9.0%	18.5%	40.0%	32.1%	1.4%	-1.4%	54.2M	-18.78B	-178.7M	0.53	4.49	399,746	212,777	1,167,038	833,851
2025-10-02	$725.26	$730.00	43.5%	8.7%	18.0%	40.8%	30.5%	0.9%	-1.9%	563.8M	-24.25B	-186.8M	0.41	4.05	272,532	111,241	1,264,184	884,963
2025-10-03	$714.17	$730.00	44.3%	9.0%	18.3%	42.6%	31.7%	1.1%	-2.1%	1.43B	-19.79B	-186.3M	0.55	27.88	419,494	230,104	1,294,236	900,237
2025-10-06	$712.45	$720.00	47.5%	12.4%	18.0%	49.6%	43.1%	0.5%	-2.2%	282.0M	-20.86B	-191.0M	0.43	3.11	401,764	173,468	1,221,062	879,750
2025-10-07	$712.24	$720.00	47.3%	12.3%	17.3%	49.0%	43.2%	0.3%	-2.2%	525.8M	-23.09B	-195.1M	0.42	3.30	224,165	93,790	1,318,026	922,689
2025-10-08	$717.22	$720.00	45.9%	12.1%	16.9%	46.1%	42.3%	-0.0%	-2.2%	654.5M	-25.57B	-197.0M	0.41	3.72	241,280	98,569	1,353,895	941,713
2025-10-09	$732.78	$720.00	45.1%	12.0%	18.9%	44.2%	41.9%	0.3%	-2.2%	1.09B	-32.21B	-200.3M	0.34	4.32	395,657	134,374	1,379,465	956,558
2025-10-10	$709.74	$720.00	48.2%	12.8%	21.8%	51.0%	44.3%	4.0%	-2.5%	189.4M	-21.73B	-197.0M	0.48	4.73	403,216	194,433	1,403,564	968,567
2025-10-13	$714.05	$720.00	45.7%	12.4%	21.2%	45.7%	43.6%	3.0%	-1.9%	473.1M	-23.29B	-197.3M	0.68	4.42	152,765	104,626	1,315,886	921,401
2025-10-14	$705.59	$720.00	46.8%	12.7%	19.7%	48.1%	44.5%	3.3%	-2.0%	318.8M	-20.38B	-194.2M	0.65	6.14	154,185	99,788	1,341,276	934,652
2025-10-15	$716.16	$720.00	46.1%	12.6%	20.9%	46.5%	43.6%	3.5%	-2.2%	589.5M	-24.94B	-196.6M	0.46	4.38	194,839	90,074	1,366,035	943,976
2025-10-16	$710.11	$720.00	47.8%	13.1%	20.8%	50.3%	45.5%	4.5%	-2.3%	371.4M	-22.31B	-197.1M	0.70	4.81	209,677	145,919	1,369,667	950,564
2025-10-17	$717.84	$720.00	44.6%	12.4%	21.5%	43.3%	42.9%	4.4%	-2.0%	1.11B	-25.74B	-194.7M	0.65	4.59	221,397	142,984	1,395,859	956,513
2025-10-20	$731.80	$720.00	43.4%	12.2%	22.9%	40.5%	42.6%	3.5%	-2.0%	691.2M	-29.35B	-194.2M	0.54	5.35	163,515	88,796	1,205,169	845,011
2025-10-21	$733.41	$720.00	42.9%	12.2%	22.1%	39.5%	42.6%	2.9%	-2.5%	716.7M	-29.72B	-191.6M	0.50	5.49	131,362	65,600	1,229,584	862,751
2025-10-22	$732.45	$720.00	44.1%	12.6%	22.0%	42.1%	44.2%	3.2%	-2.6%	744.0M	-29.42B	-193.1M	0.45	5.58	159,758	71,629	1,245,284	870,670
2025-10-23	$734.77	$720.00	41.6%	12.1%	21.7%	36.8%	42.5%	2.4%	-2.4%	892.1M	-30.66B	-188.7M	0.43	6.03	213,710	91,846	1,259,282	878,279
2025-10-24	$738.55	$715.00	40.6%	11.9%	21.4%	34.6%	41.6%	2.1%	-2.4%	1.25B	-32.13B	-187.5M	0.47	6.84	264,442	123,574	1,281,767	883,837
2025-10-27	$751.62	$715.00	40.0%	12.1%	22.3%	33.2%	42.3%	0.9%	-1.6%	661.0M	-34.26B	-188.3M	0.62	6.75	183,055	112,775	1,197,807	837,143
2025-10-28	$752.73	$715.00	40.6%	12.4%	21.9%	34.4%	43.6%	0.8%	-1.5%	672.6M	-34.51B	-192.6M	0.60	5.23	150,610	90,917	1,241,038	866,396
2025-10-29	$752.93	$715.00	42.0%	13.0%	20.2%	37.5%	45.5%	-1.6%	-0.6%	670.1M	-35.03B	-195.9M	0.54	7.48	267,286	143,001	1,269,047	890,728
2025-10-30	$666.13	$715.00	36.2%	10.8%	48.5%	25.0%	39.2%	-2.5%	0.0%	-271.6M	-6.74B	-171.9M	0.53	5.26	1,468,405	772,499	1,367,840	953,627
2025-10-31	$649.64	$700.00	36.6%	10.8%	48.9%	25.8%	40.1%	-0.6%	0.1%	-732.4M	-6.53B	-202.3M	0.49	4.30	1,073,103	523,832	1,804,820	1,104,180