META Options History — February 2026

In February 2026, META traded between $636.56 and $706.79. ATM implied volatility averaged 31.9%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 13.7% (HV 20d: 45.7%). Max pain ranged from $630.00 to $650.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.68.

Notable Days

2026-02-06: Highest Volume — 666,517 contracts
2026-02-05: Largest IV spike — 8.2% change
2026-02-05: Highest IV Rank — 24.2%
2026-02-05: Largest Expected Move — 9.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$658.92	$636.56	$706.79	$706.79	$640.08
Max Pain	$647.11	$630.00	$650.00	$630.00	$650.00
ATM IV	31.9%	28.1%	34.9%	28.1%	31.8%
Expected Move	9.2%	7.9%	9.8%	7.9%	9.1%
HV 20d	45.7%	28.1%	48.6%	45.8%	28.1%
HV 60d	32.6%	32.0%	33.1%	32.7%	32.7%
IV Rank	18.0%	9.8%	24.2%	9.8%	17.6%
IV Percentile	43.6%	24.6%	54.4%	24.6%	41.3%
Term Structure	-0.0%	-0.3%	0.2%	0.2%	-0.1%
VWIV	32.0%	28.2%	34.1%	28.2%	32.1%
Skew 25d	4.2%	1.8%	5.5%	1.8%	5.5%
Skew 10d	8.9%	4.1%	11.1%	4.1%	11.0%
Call IV 25d	30.2%	27.5%	32.7%	27.5%	29.3%
Put IV 25d	34.4%	29.3%	37.4%	29.3%	34.8%
Bid-Ask Spread %	32.12	23.48	37.48	35.60	23.48
Gamma HHI	0.03	0.02	0.04	0.03	0.04
Net GEX	306.1M	-169.7M	759.4M	631.5M	-115.1M
Net DEX	-14.16B	-29.06B	-6.22B	-29.06B	-7.03B
Net VEX	-193.6M	-204.9M	-179.7M	-202.0M	-180.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.68	0.52	1.22	0.68	0.73
Total Volume	464,039.632	245,580	666,517	537,181	475,374
Total OI	2,380,583.211	2,133,079	2,530,037	2,324,458	2,261,751

Daily Data (19 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
2026-02-02	$706.79	$630.00	28.1%	7.9%	45.8%	9.8%	28.2%	1.8%	0.2%	631.5M	-29.06B	-202.0M	0.68	35.60	320,579	216,602	1,425,392	899,066
2026-02-03	$689.28	$635.00	30.0%	8.7%	46.8%	14.0%	30.9%	2.4%	-0.0%	477.6M	-22.42B	-202.9M	0.66	36.64	256,712	168,743	1,440,116	913,410
2026-02-04	$674.09	$630.00	32.2%	9.5%	47.6%	18.6%	33.6%	3.9%	-0.3%	248.9M	-16.33B	-202.7M	0.56	36.06	332,554	185,481	1,484,803	942,374
2026-02-05	$670.48	$650.00	34.9%	9.8%	47.2%	24.2%	34.1%	4.7%	-0.3%	333.6M	-16.33B	-204.8M	0.57	27.99	277,866	157,709	1,489,690	941,366
2026-02-06	$660.17	$650.00	32.4%	9.3%	47.5%	18.9%	33.2%	3.4%	-0.0%	83.1M	-13.04B	-198.9M	0.61	29.46	413,316	253,201	1,528,943	956,000
2026-02-09	$678.59	$650.00	31.7%	9.1%	48.4%	17.5%	31.7%	2.8%	0.1%	759.4M	-21.38B	-204.9M	0.55	29.96	365,060	200,456	1,480,335	921,996
2026-02-10	$673.78	$650.00	30.5%	8.8%	48.2%	15.0%	30.8%	3.0%	0.1%	564.2M	-19.28B	-202.7M	0.60	31.60	153,340	92,240	1,504,765	930,229
2026-02-11	$671.39	$650.00	31.9%	9.1%	47.2%	17.9%	32.0%	3.1%	-0.0%	480.8M	-18.56B	-203.3M	0.52	28.46	329,336	171,523	1,526,139	947,325
2026-02-12	$650.86	$650.00	33.9%	9.7%	48.2%	22.2%	32.7%	4.9%	-0.2%	110.2M	-11.64B	-197.3M	0.89	32.95	280,894	248,895	1,530,732	943,716
2026-02-13	$640.72	$650.00	33.1%	9.5%	48.6%	20.5%	32.7%	5.1%	-0.1%	-169.7M	-8.48B	-193.4M	0.73	33.74	277,885	201,945	1,579,183	950,854
2026-02-17	$638.90	$650.00	33.0%	9.4%	48.6%	20.2%	32.6%	5.3%	-0.0%	13.5M	-8.46B	-185.8M	0.65	34.38	213,279	139,595	1,495,421	918,787
2026-02-18	$641.70	$650.00	32.7%	9.4%	47.2%	19.7%	32.5%	4.6%	-0.1%	208.3M	-10.35B	-188.1M	0.81	35.81	270,011	219,396	1,547,323	937,484
2026-02-19	$643.24	$650.00	32.4%	9.3%	46.9%	19.0%	31.7%	5.4%	0.1%	186.6M	-11.19B	-189.0M	1.22	31.60	174,264	212,412	1,553,666	938,358
2026-02-20	$655.38	$650.00	30.9%	8.8%	43.8%	15.8%	30.5%	5.1%	0.2%	580.1M	-16.47B	-190.0M	0.57	34.68	397,142	226,846	1,579,309	945,372
2026-02-23	$636.56	$650.00	33.0%	9.5%	44.4%	20.2%	33.4%	5.4%	0.1%	64.5M	-6.22B	-179.7M	0.79	28.20	218,008	171,308	1,302,563	830,516
2026-02-24	$638.21	$650.00	32.8%	9.5%	43.7%	19.9%	32.7%	5.1%	0.1%	123.7M	-7.17B	-181.3M	0.70	31.33	227,693	158,385	1,316,462	841,144
2026-02-25	$651.38	$650.00	31.2%	8.9%	44.4%	16.4%	30.7%	4.3%	-0.0%	621.5M	-12.00B	-184.0M	0.53	30.89	304,522	162,092	1,353,934	860,287
2026-02-26	$657.83	$650.00	30.5%	8.7%	44.6%	14.9%	31.3%	4.5%	0.2%	612.3M	-13.59B	-186.4M	0.64	37.48	208,366	133,723	1,354,585	857,685
2026-02-27	$640.08	$650.00	31.8%	9.1%	28.1%	17.6%	32.1%	5.5%	-0.1%	-115.1M	-7.03B	-180.5M	0.73	23.48	275,308	200,066	1,381,600	880,151