META Options History — January 2026

In January 2026, META traded between $603.75 and $738.23. ATM implied volatility averaged 39.1%, placing in the 33.1% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 15.6% (HV 20d: 23.5%). Max pain ranged from $610.00 to $630.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.76.

Notable Days

2026-01-29: Highest Volume — 1,326,873 contracts
2026-01-29: Largest IV drop — 26.0% change
2026-01-26: Highest IV Rank — 39.9%
2026-01-28: Largest Expected Move — 12.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$652.49	$603.75	$738.23	$651.28	$717.00
Max Pain	$620.88	$610.00	$630.00	$625.00	$625.00
ATM IV	39.1%	29.6%	42.3%	37.3%	29.6%
Expected Move	10.7%	6.9%	12.9%	6.9%	8.4%
HV 20d	23.5%	16.2%	45.8%	19.3%	45.8%
HV 60d	34.0%	26.5%	36.5%	34.5%	32.7%
IV Rank	33.1%	13.0%	39.9%	29.4%	13.0%
IV Percentile	71.2%	36.1%	81.7%	63.9%	36.1%
Term Structure	-1.5%	-2.3%	1.0%	1.0%	0.1%
VWIV	37.6%	24.6%	45.0%	24.6%	29.9%
Skew 25d	1.4%	0.5%	2.7%	2.0%	1.6%
Skew 10d	2.7%	0.9%	4.6%	3.5%	3.5%
Call IV 25d	38.4%	29.2%	41.8%	35.8%	29.2%
Put IV 25d	39.9%	30.7%	42.4%	37.8%	30.7%
Bid-Ask Spread %	27.51	6.20	42.86	42.86	40.30
Gamma HHI	0.04	0.02	0.12	0.06	0.03
Net GEX	377.7M	-261.0M	1.64B	-89.4M	786.8M
Net DEX	-19.29B	-53.18B	-3.48B	-16.22B	-37.58B
Net VEX	-196.9M	-215.9M	-178.1M	-193.8M	-208.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.52	2.33	0.59	0.58
Total Volume	543,664.7	269,650	1,326,873	499,809	690,603
Total OI	2,533,052.5	2,189,465	2,830,640	2,638,975	2,619,573

Daily Data (20 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
2026-01-02	$651.28	$625.00	37.3%	6.9%	19.3%	29.4%	24.6%	2.0%	1.0%	-89.4M	-16.22B	-193.8M	0.59	42.86	314,629	185,180	1,654,438	984,537
2026-01-05	$660.47	$625.00	38.1%	10.2%	17.7%	31.1%	35.6%	2.5%	-1.7%	480.6M	-20.53B	-193.2M	0.76	6.20	178,019	135,479	1,572,518	948,771
2026-01-06	$659.54	$630.00	38.9%	10.3%	16.3%	32.7%	35.9%	2.2%	-1.7%	527.0M	-20.15B	-194.9M	0.65	7.85	211,330	137,708	1,607,613	970,422
2026-01-07	$648.95	$630.00	40.6%	10.6%	16.9%	36.4%	37.0%	1.5%	-2.0%	176.0M	-15.86B	-193.6M	0.65	24.32	245,886	159,047	1,624,232	986,738
2026-01-08	$645.82	$630.00	40.0%	10.5%	16.2%	35.2%	36.8%	1.4%	-2.0%	36.0M	-14.56B	-192.6M	1.13	24.79	227,313	256,830	1,653,836	1,009,383
2026-01-09	$652.28	$625.00	39.0%	10.3%	16.2%	32.9%	35.8%	1.8%	-1.9%	283.9M	-18.94B	-194.0M	0.73	26.04	268,290	194,998	1,680,795	1,017,378
2026-01-12	$644.61	$625.00	40.0%	10.7%	16.7%	35.1%	37.2%	1.2%	-2.1%	128.3M	-15.23B	-188.1M	0.84	27.63	169,544	142,212	1,597,365	970,092
2026-01-13	$628.68	$625.00	41.0%	11.0%	18.7%	37.3%	38.6%	0.8%	-2.2%	-112.3M	-9.36B	-184.8M	0.80	27.09	350,272	280,344	1,635,900	992,058
2026-01-14	$617.34	$620.00	40.8%	11.0%	19.2%	36.8%	38.7%	0.8%	-2.3%	-261.0M	-5.79B	-183.5M	0.97	29.12	282,281	275,019	1,697,273	1,038,845
2026-01-15	$620.38	$620.00	39.1%	10.7%	18.2%	33.2%	36.7%	1.0%	-2.1%	-101.5M	-8.88B	-185.1M	2.33	30.42	310,225	722,640	1,748,736	1,042,594
2026-01-16	$622.12	$620.00	38.0%	10.5%	18.1%	31.0%	36.5%	1.2%	-2.3%	-20.4M	-11.67B	-185.7M	0.65	29.57	291,588	190,578	1,781,248	1,049,392
2026-01-20	$603.75	$620.00	41.1%	11.7%	19.0%	37.4%	40.5%	2.7%	-1.6%	-156.8M	-3.48B	-178.1M	0.61	30.06	194,069	117,732	1,346,822	842,643
2026-01-21	$614.58	$615.00	39.8%	11.4%	20.6%	34.7%	39.8%	2.0%	-1.4%	47.1M	-7.52B	-187.4M	0.52	28.46	233,973	121,384	1,391,111	864,741
2026-01-22	$646.35	$610.00	40.2%	11.6%	28.1%	35.5%	40.6%	0.7%	-1.5%	802.8M	-20.54B	-204.6M	0.55	29.27	488,321	269,729	1,440,814	879,261
2026-01-23	$659.57	$610.00	40.3%	11.7%	29.1%	35.7%	41.1%	0.5%	-1.7%	1.30B	-26.30B	-210.2M	0.58	26.71	533,883	312,201	1,496,805	919,583
2026-01-26	$672.91	$610.00	42.3%	12.6%	29.9%	39.9%	44.3%	0.9%	-1.3%	662.4M	-26.51B	-215.9M	0.54	22.91	216,249	115,873	1,425,452	849,359
2026-01-27	$673.89	$615.00	42.1%	12.7%	29.8%	39.6%	44.7%	0.7%	-1.4%	701.6M	-26.93B	-213.5M	0.53	24.34	175,911	93,739	1,470,879	874,680
2026-01-28	$672.10	$617.50	42.0%	12.9%	29.8%	39.3%	45.0%	0.7%	-1.7%	717.9M	-26.58B	-214.2M	0.58	34.94	287,492	165,850	1,507,500	898,833
2026-01-29	$738.23	$620.00	31.1%	8.9%	44.4%	16.1%	32.0%	2.1%	0.0%	1.64B	-53.18B	-215.8M	0.65	37.22	805,866	521,007	1,599,279	969,551
2026-01-30	$717.00	$625.00	29.6%	8.4%	45.8%	13.0%	29.9%	1.6%	0.1%	786.8M	-37.58B	-208.8M	0.58	40.30	438,236	252,367	1,577,202	1,042,371