Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
META options intelligence
Meta Platforms Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
36
Market data through 31 Jul 2026
Checked 2 Aug 2026 02:55 · partial chain
Call-side pressure
Bullish pressure
META currently carries bullish options pressure with a 36/100 conviction score. The nearest-chain expected move is 2.2%, with volume/open-interest participation at 0.76.
Expected move
2.2%
Near-term move context
Activity / OI
0.76
Current volume is elevated versus prior open interest
Put-call
0.62
Call-side skew
Trend fit
30
Options are not fully confirming trend
Weekly backdrop
-6.5%
RS -22.4
Expected move
2.2%
Put-call volume
0.62
Volume / OI
0.76
Reference IV
0.30
Max pain
535.00
Underlying
556.71
Nearest expiry
3 Aug 2026
Contracts
2000
Research Brief
META has a bullish chain read with 36/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 544.36–569.06; The largest call open-interest concentration is 530.00; the largest put concentration is 500.00. The most active strike by current volume is 550.00.
Priced range544.36–569.06
Call concentration530.00
Put concentration500.00
Max pain reference535.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 544.36 to 569.06. Max pain at 535.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
544.36556.71 ± 12.35569.06
Confirmation level
A close beyond 569.06 or below 544.36 at the 3 Aug expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 36/100
Pressure is 29/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure29 × 42%
+12.2
How strongly activity leans toward calls or puts.
Participation58 × 22%
+12.7
Volume relative to existing open interest and contract-level activity.
Trend agreement30 × 26%
+7.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility30 × 10%
+3.0
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 530.00; the largest put concentration is 500.00. The most active strike by current volume is 550.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
526
520.00-6.6%
42
159
525.00-5.7%
70
284
530.00-4.8%
2206
181
535.00-3.9%
390
112
540.00-3.0%
320
430
545.00-2.1%
243
114
547.50-1.7%
81
452
550.00-1.2%
676
88
552.50-0.8%
177
50
555.00-0.3%
569
298
560.000.6%
350
52
565.001.5%
576
159
570.002.4%
460
100
580.004.2%
1873
156
585.005.1%
458
222
590.006.0%
1024
279
600.007.8%
1254
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.30
3 Aug
3d
0.39
5 Aug
5d
0.40
7 Aug
7d
0.37
10 Aug
10d
0.39
12 Aug
12d
0.39
14 Aug
14d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
450
475
488
498
508
518
528
538
548
558
568
578
588
598
608
618
628
638
648
658
668
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 2026; its result will appear after the matched closing reference is stored.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Versioned calculationv2 observations only
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Usable with limits
Retained chain27%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 2000 / 7452
- 27% of provider contracts were retained for this snapshot.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $84.0M of estimated gross traded notional, calls · 0-7 days · atm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+29
1W price-6.5%
Call premium72%
Put premium28%
Notional split
C 72% / P 28%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.76
Volume divided by open interest across the visible chain.
Trend fit
30/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 0-7 days · ATM
calls cluster with 32922 contracts traded, $27.8M estimated gross traded notional, and 33% of visible notional.
$27.8M
Calls · 0-7 days · ITM
calls cluster with 4410 contracts traded, $13.8M estimated gross traded notional, and 16% of visible notional.
$13.8M
Calls · 8-21 days · ITM
calls cluster with 1468 contracts traded, $6.9M estimated gross traded notional, and 8% of visible notional.
$6.9M
Puts · 0-7 days · ITM
puts cluster with 1203 contracts traded, $5.9M estimated gross traded notional, and 7% of visible notional.
$5.9M
Puts · 0-7 days · ATM
puts cluster with 13147 contracts traded, $5.8M estimated gross traded notional, and 7% of visible notional.
$5.8M
Setup Classification
Opportunity and risk frame
Participation is active enough to treat follow-through risk carefully.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close556.71
1W-6.5%
RS-22.4
Fair value+0.1%
Options pressure29
Speculation58
Volatility30
Trend fit30
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 17:11
Bullish
Pressure 41
Move 7.9%
29 Jul 17:30
Bullish
Pressure 41
Move 7.8%
29 Jul 17:54
Bullish
Pressure 40
Move 7.8%
29 Jul 18:22
Bullish
Pressure 40
Move 8.0%
29 Jul 18:40
Bullish
Pressure 40
Move 8.0%
29 Jul 19:03
Bullish
Pressure 39
Move 8.0%
29 Jul 19:30
Bullish
Pressure 38
Move 8.2%
29 Jul 19:49
Bullish
Pressure 40
Move 8.3%
Strike Map
Where activity is clustering
Strike400.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike405.00
Calls · V 0 · OI 0
Puts · V 10 · OI 3
Strike410.00
Calls · V 0 · OI 0
Puts · V 10 · OI 1
Strike415.00
Calls · V 0 · OI 0
Puts · V 8 · OI 6
Strike420.00
Calls · V 0 · OI 0
Puts · V 4 · OI 3
Strike425.00
Calls · V 0 · OI 0
Puts · V 16 · OI 11
Strike430.00
Calls · V 0 · OI 1
Puts · V 17 · OI 13
Strike435.00
Calls · V 0 · OI 1
Puts · V 8 · OI 5
Term Structure
Expiration activity
Expiry3 Aug 2026
Contracts286
Avg IV0.30
Put-call0.69
Expiry5 Aug 2026
Contracts288
Avg IV0.39
Put-call0.42
Expiry7 Aug 2026
Contracts436
Avg IV0.40
Put-call0.59
Expiry10 Aug 2026
Contracts290
Avg IV0.37
Put-call0.61
Expiry12 Aug 2026
Contracts290
Avg IV0.39
Put-call0.51
Skew
Call/put IV balance
3 Aug 2026Balanced skew
Call IV0.32
Put IV0.31
Skew-0.01
5 Aug 2026Balanced skew
Call IV0.40
Put IV0.38
Skew-0.02
7 Aug 2026Balanced skew
Call IV0.41
Put IV0.40
Skew-0.01
10 Aug 2026Balanced skew
Call IV0.38
Put IV0.38
Skew-
12 Aug 2026Balanced skew
Call IV0.39
Put IV0.41
Skew0.02
Contract Tape
Most active contracts
ContractMETA260803C00560000
SideCall
Expiry3 Aug 2026
Strike560.00
Volume4949
OI350
IV0.31
ContractMETA260803P00545000
SidePut
Expiry3 Aug 2026
Strike545.00
Volume3871
OI430
IV0.32
ContractMETA260803P00550000
SidePut
Expiry3 Aug 2026
Strike550.00
Volume3765
OI452
IV0.31
ContractMETA260803C00580000
SideCall
Expiry3 Aug 2026
Strike580.00
Volume3156
OI1873
IV0.33
ContractMETA260803C00550000
SideCall
Expiry3 Aug 2026
Strike550.00
Volume3130
OI676
IV0.30
ContractMETA260803P00540000
SidePut
Expiry3 Aug 2026
Strike540.00
Volume3009
OI112
IV0.31
ContractMETA260803C00555000
SideCall
Expiry3 Aug 2026
Strike555.00
Volume2712
OI569
IV0.30
ContractMETA260807C00550000
SideCall
Expiry7 Aug 2026
Strike550.00
Volume2704
OI2456
IV0.40
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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Earnings
No upcoming matched earnings event.
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.