Hold META by Jun 17, 2026.

META has big call flow, but I do not think the trade is “buy calls and chase.” $META is sitting around the $610 to $620 zone, with the tape showing roughly $63M+ in premium across 27 flows, net flow around +$9M bullish, dominant strike $615, avg Vol/OI 3.7x, IV normal around 57%. Looks bullish on the surface. The structure is more complicated: The biggest activity is short-dated and clustered right around spot. $610C, $615C, $620C, plus put flow around the …