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META options

Meta Platforms, Inc.: implied volatility, options liquidity and upcoming catalysts, as the public market snapshot holds them.

Price and volatility

Market closed · stored · quote · volatility readings

Price
$647.93
Change
+$6.54 (+1.02%)
IV rank
48.4
IV percentile
66.3
Implied volatility
41.7%
Implied volatility, 5-day change
−2.9 pts
Historical volatility, 30-day
43.3%
Implied minus historical volatility
−1.4 pts
Implied volatility term structure
48.4% for Nov 11, 2026, 49.8% for Nov 13, 2026
Options liquidity
3/5
Share volume
49.6K
Market cap
$1.6T
52-week range
$520.26–$779.82
Lendability
Easy To Borrow

Data may be delayed. Open the live watchlist for streaming quotes, the year chart and the option chain for META.

Upcoming catalysts

  1. · shareholder vote · estimated

    Effective date of Class C common stock establishment

    Meta is establishing a new class of non-voting Class C common stock, effective January 19, 2027. This includes a one-time stock dividend of Class C shares to existing Class A and Class B shareholders.

    investor.atmeta.com

Latest brief recommendation

Bullish · argued on

Buy META

Thesis

The trade is a long on Meta after the stock fell on a quarter that beat estimates and raised guidance. Q3 revenue was $64.6B, up 26% year over year, against a $63.4B consensus. Ad prices rose 14% and impressions rose 10%. Daily active people reached 3.64B. Q4 revenue guidance is $73B to $76B, against roughly $74B expected. Muse, Meta's AI assistant, has been the top free app on the US App Store and Google Play for most of the time since its September launch (Financial Times). Even so, the stock is at $663, down from a $697.52 close and about 15% below its $779.82 52-week high.

Investors sold for three reasons:

  • Cash flow turned negative. Q3 capex was $34.91B, slightly more than the $32.79B of operating cash flow, for free cash flow of about -$2.1B. Stock Titan says equipment purchases last topped operating cash in 2012.
  • Capex keeps rising. Meta raised the low end of its FY26 capex range to $135B to $145B.
  • There is a new share class. Non-voting Class C shares go to existing holders as a stock dividend in January 2027. Meta can then sell them to raise money, pay employees and fund acquisitions (CFO Susan Li via Pivot News).

The ad business is growing faster than the share count is likely to. At a market cap of about $1.8T, a $50B stock sale would add roughly 3% more shares. Revenue is growing 26%.

Why stock over options: Before earnings, META's IV percentile was 89.3 and IV rank was 61.95, so options were expensive. Owning the shares avoids paying that premium while implied volatility comes back down after the report.

Main risk: The Class C share sales. Yahoo Finance's Brian Sozzi calls the new share class an "overhang" on the stock. It could weigh on the price until Meta says how much it will sell and when. Hitting the top of capex guidance means about $59B of Q4 spending (Zerohedge's math), so Q4 free cash flow could be negative again.

What else could go wrong:

  • Market risk: Beta is 1.60. Markets now expect rate hikes and oil prices are tied to the war, so a broader selloff in AI stocks would hit META harder than the index.
  • Legal costs: A charge tied to the agreement with state attorneys general hit Q3 GAAP EPS, and more legal costs are possible.
  • Earnings timing: Meta just reported, so the next earnings date should be months away.
  • Liquidity: The rating is 3. The bid-ask spread was under $1 at the open, which is fine for buying shares.

A close below about $620 would suggest the market is pricing in more dilution, and the position should be reconsidered at that point.