META Options History — December 2025

In December 2025, META traded between $642.05 and $672.93. ATM implied volatility averaged 27.8%, placing in the 6.6% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 3.4% (HV 20d: 24.4%). Max pain ranged from $600.00 to $630.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.53.

Notable Days

2025-12-04: Highest Volume — 927,317 contracts
2025-12-26: Largest IV spike — 20.8% change
2025-12-31: Highest IV Rank — 27.4%
2025-12-01: Largest Expected Move — 8.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$657.98	$642.05	$672.93	$642.05	$660.05
Max Pain	$624.55	$600.00	$630.00	$600.00	$625.00
ATM IV	27.8%	23.4%	36.4%	28.6%	36.4%
Expected Move	7.6%	6.7%	8.5%	8.5%	6.8%
HV 20d	24.4%	18.2%	29.6%	29.6%	18.7%
HV 60d	34.5%	34.1%	34.8%	34.2%	34.4%
IV Rank	6.6%	0.0%	27.4%	8.2%	27.4%
IV Percentile	16.5%	0.0%	59.5%	26.2%	59.5%
Term Structure	2.6%	-0.1%	12.8%	0.8%	0.9%
VWIV	26.8%	23.1%	30.1%	30.1%	23.4%
Skew 25d	1.4%	0.5%	2.1%	1.3%	1.6%
Skew 10d	2.4%	1.0%	3.7%	2.1%	3.0%
Call IV 25d	27.3%	23.0%	35.6%	28.3%	35.3%
Put IV 25d	28.7%	24.3%	37.0%	29.6%	36.9%
Bid-Ask Spread %	10.18	2.87	40.97	3.34	40.97
Gamma HHI	0.05	0.03	0.10	0.04	0.04
Net GEX	978.7M	445.4M	2.06B	882.9M	465.7M
Net DEX	-26.30B	-41.25B	-20.36B	-25.57B	-20.74B
Net VEX	-221.2M	-240.2M	-199.3M	-236.6M	-199.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.53	0.37	0.72	0.49	0.54
Total Volume	398,493.273	187,496	927,317	292,604	262,605
Total OI	2,982,365.455	2,551,012	3,261,246	3,086,489	2,628,303

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
2025-12-01	$642.05	$600.00	28.6%	8.5%	29.6%	8.2%	30.1%	1.3%	0.8%	882.9M	-25.57B	-236.6M	0.49	3.34	197,011	95,593	1,975,729	1,110,760
2025-12-02	$647.43	$600.00	27.9%	8.3%	29.3%	6.7%	29.5%	1.4%	0.8%	1.02B	-27.89B	-236.2M	0.42	3.01	212,584	89,282	2,010,266	1,133,219
2025-12-03	$643.86	$600.00	27.3%	8.2%	28.7%	5.5%	29.1%	1.1%	0.9%	984.6M	-26.19B	-234.2M	0.48	3.02	162,822	78,639	2,035,291	1,142,876
2025-12-04	$660.29	$620.00	27.9%	8.3%	29.5%	5.6%	29.4%	1.1%	0.8%	1.61B	-35.41B	-240.1M	0.51	3.70	613,702	313,615	2,055,795	1,153,552
2025-12-05	$672.93	$630.00	26.9%	8.1%	27.4%	3.4%	28.6%	0.5%	1.0%	2.06B	-41.25B	-240.2M	0.55	4.25	558,629	304,998	2,066,332	1,186,719
2025-12-08	$667.03	$630.00	28.3%	8.3%	27.7%	6.6%	29.7%	0.9%	0.5%	1.18B	-33.90B	-239.4M	0.54	4.19	171,193	92,340	1,955,413	1,107,705
2025-12-09	$656.97	$630.00	27.7%	8.1%	27.7%	5.1%	28.5%	1.1%	0.4%	871.1M	-28.08B	-230.5M	0.57	4.26	230,471	130,559	1,976,179	1,129,240
2025-12-10	$650.17	$630.00	27.5%	8.0%	27.8%	4.8%	28.5%	1.1%	0.5%	664.8M	-24.51B	-227.7M	0.49	5.48	260,367	127,014	2,008,724	1,157,148
2025-12-11	$650.94	$630.00	26.3%	7.7%	25.1%	2.1%	27.4%	0.9%	0.7%	727.1M	-24.95B	-225.4M	0.40	4.48	290,297	114,933	2,037,405	1,181,682
2025-12-12	$645.22	$630.00	26.2%	7.6%	25.5%	1.9%	27.3%	1.8%	0.6%	445.4M	-21.34B	-220.6M	0.37	3.81	489,247	180,373	2,065,431	1,195,815
2025-12-15	$650.64	$630.00	26.4%	7.6%	25.5%	2.4%	26.9%	2.0%	-0.1%	679.1M	-20.36B	-218.2M	0.50	3.64	198,994	100,281	1,877,903	1,143,894
2025-12-16	$661.03	$630.00	26.4%	7.6%	24.5%	2.3%	26.7%	1.6%	-0.1%	1.05B	-26.51B	-220.7M	0.64	3.52	189,002	121,812	1,907,321	1,153,280
2025-12-17	$653.87	$630.00	27.3%	7.8%	25.1%	4.4%	27.6%	2.1%	-0.1%	870.0M	-22.96B	-219.9M	0.53	26.39	182,492	97,196	1,931,695	1,160,117
2025-12-18	$665.30	$630.00	25.9%	7.4%	23.3%	1.4%	26.3%	2.1%	-0.0%	1.38B	-29.19B	-219.7M	0.72	3.25	310,269	222,442	1,948,684	1,168,394
2025-12-19	$665.64	$630.00	24.9%	7.1%	23.2%	0.0%	25.7%	1.4%	0.2%	1.42B	-29.14B	-216.3M	0.64	32.38	312,057	199,227	1,960,979	1,183,946
2025-12-22	$661.11	$630.00	25.1%	7.2%	23.4%	0.6%	25.9%	1.2%	11.4%	778.5M	-22.09B	-211.6M	0.47	13.62	277,284	131,313	1,640,696	952,380
2025-12-23	$665.31	$630.00	24.0%	6.9%	21.0%	0.0%	24.6%	1.4%	11.6%	1.16B	-24.69B	-210.6M	0.48	3.01	153,464	73,864	1,706,270	980,925
2025-12-24	$667.09	$630.00	23.4%	6.7%	18.4%	0.0%	23.3%	1.2%	12.1%	1.18B	-25.59B	-212.4M	0.52	2.87	123,334	64,162	1,720,619	998,699
2025-12-26	$663.00	$625.00	28.3%	6.7%	18.7%	10.3%	23.5%	1.5%	12.8%	673.3M	-23.22B	-207.0M	0.48	20.04	271,282	129,962	1,725,254	1,001,126
2025-12-29	$658.96	$625.00	33.6%	6.7%	18.2%	21.5%	23.7%	1.4%	0.9%	568.8M	-20.69B	-199.5M	0.67	3.28	154,897	104,243	1,613,020	937,992
2025-12-30	$666.61	$625.00	34.9%	6.7%	18.4%	24.3%	23.1%	2.0%	1.0%	857.8M	-24.25B	-201.1M	0.62	31.41	230,652	142,349	1,624,566	960,696
2025-12-31	$660.05	$625.00	36.4%	6.8%	18.7%	27.4%	23.4%	1.6%	0.9%	465.7M	-20.74B	-199.3M	0.54	40.97	170,540	92,065	1,651,545	976,758