META Options History — November 2025

In November 2025, META traded between $585.72 and $644.70. ATM implied volatility averaged 33.4%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 14.9% (HV 20d: 48.3%). Max pain ranged from $600.00 to $695.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.57.

Notable Days

  • 2025-11-20: Highest Volume — 1,103,641 contracts
  • 2025-11-21: Largest IV drop — 9.2% change
  • 2025-11-20: Highest IV Rank — 26.3%
  • 2025-11-04: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$617.31$585.72$644.70$640.13$644.70
Max Pain$622.37$600.00$695.00$695.00$600.00
ATM IV33.4%28.0%36.8%35.4%28.0%
Expected Move9.7%8.2%10.6%10.6%8.2%
HV 20d48.3%30.8%52.2%49.0%30.8%
HV 60d32.8%32.0%34.2%32.3%34.2%
IV Rank18.8%7.0%26.3%23.1%7.0%
IV Percentile49.8%22.6%61.5%57.1%22.6%
Term Structure-0.1%-1.3%0.5%-0.0%0.3%
VWIV34.8%29.4%39.3%39.3%29.4%
Skew 25d1.3%-0.4%4.8%-0.4%0.8%
Skew 10d1.7%-2.7%9.3%-2.5%1.0%
Call IV 25d33.3%27.9%36.4%36.4%27.9%
Put IV 25d34.7%28.7%40.0%36.0%28.7%
Bid-Ask Spread %4.703.575.743.575.10
Gamma HHI0.030.020.100.030.10
Net GEX279.1M-280.6M2.15B130.0M2.15B
Net DEX-9.64B-32.30B-342.6M-9.45B-32.30B
Net VEX-218.3M-240.9M-206.9M-206.9M-240.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.341.460.430.38
Total Volume642,660.526363,7361,103,641744,916588,693
Total OI3,160,546.8952,792,4623,376,0582,792,4623,310,348

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$640.13$695.0035.4%10.6%49.0%23.1%39.3%-0.4%-0.0%130.0M-9.45B-206.9M0.433.57521,720223,1961,725,4821,066,980
2025-11-04$629.80$685.0035.4%10.6%49.1%23.2%38.5%-0.1%0.2%-42.5M-6.09B-211.8M0.494.06437,791213,3501,833,9321,129,937
2025-11-05$639.28$680.0033.9%9.9%49.5%19.9%35.5%-0.4%0.5%218.1M-11.45B-221.8M0.414.44377,889156,2021,925,6131,164,718
2025-11-06$619.47$620.0034.8%10.0%49.2%21.9%36.3%0.4%0.2%-280.6M-2.45B-213.9M0.964.53420,245403,3721,987,5131,189,479
2025-11-07$618.88$620.0034.2%10.0%48.5%20.6%36.0%0.3%0.5%-280.5M-3.91B-215.3M0.624.84644,213401,7372,050,3691,186,621
2025-11-10$632.41$620.0033.2%9.6%49.3%18.3%34.5%-0.4%0.3%302.0M-13.01B-224.9M0.373.95360,042132,6461,877,5761,143,477
2025-11-11$627.20$620.0031.5%9.2%49.3%14.7%33.1%-0.1%0.4%239.9M-10.41B-219.6M0.485.20246,363117,3731,950,8681,169,655
2025-11-12$608.66$620.0033.3%9.6%49.3%18.7%35.0%0.4%0.3%-111.8M-3.50B-211.9M0.525.26458,293236,9951,988,4361,175,255
2025-11-13$607.94$615.0033.9%9.7%49.4%19.8%34.7%1.5%0.1%-41.1M-4.64B-217.3M0.555.74372,014205,9212,084,6411,202,415
2025-11-14$609.50$615.0032.5%9.3%49.1%16.8%33.5%1.7%0.1%61.2M-5.86B-216.5M0.534.91453,775240,2752,117,6721,209,457
2025-11-17$598.05$610.0035.1%10.1%48.1%22.5%36.1%2.3%-1.0%-75.4M-2.28B-209.1M0.824.89253,123206,7871,941,4751,156,725
2025-11-18$600.64$610.0036.6%10.5%48.2%25.7%37.3%2.3%-1.2%82.1M-5.22B-216.5M0.525.31380,936199,5322,004,8411,173,622
2025-11-19$586.98$610.0036.3%10.4%48.3%25.2%36.4%2.9%-1.1%-60.2M-342.6M-210.4M0.475.02343,073160,8422,063,8511,199,905
2025-11-20$585.72$605.0036.8%10.6%48.1%26.3%36.1%4.8%-1.3%-47.9M-348.5M-210.7M1.464.86449,213654,4282,130,2521,216,343
2025-11-21$595.23$600.0033.5%9.7%48.8%18.9%34.3%3.9%-1.0%193.5M-6.78B-212.3M0.544.79380,334207,0032,176,0981,199,960
2025-11-24$615.17$600.0031.4%9.2%50.2%14.5%32.7%2.6%-0.1%479.3M-14.71B-218.6M0.434.39374,202161,0441,874,4301,108,473
2025-11-25$634.42$600.0030.3%8.9%52.2%12.0%31.9%1.7%-0.1%1.06B-24.95B-232.1M0.344.06565,175193,4451,943,3251,134,371
2025-11-26$634.79$600.0028.7%8.4%52.2%8.6%30.1%1.2%0.2%1.33B-25.46B-237.4M0.524.47308,780160,5282,076,0561,160,220
2025-11-28$644.70$600.0028.0%8.2%30.8%7.0%29.4%0.8%0.3%2.15B-32.30B-240.9M0.385.10426,593162,1002,132,2401,178,108