META earnings options flow looked heavily skewed going in, did the implied move actually deliver?

https://preview.redd.it/mdrx13mjucgh1.png?width=554&format=png&auto=webp&s=34a27e5ba176b528f80f8240fae71aeaedeeb087

https://preview.redd.it/2pz20p0kucgh1.png?width=554&format=png&auto=webp&s=67aa06b868d4276027f051f1af5376417b875b9c

Been watching $META into earnings and the setup was wild. Call volume at 174,186 contracts vs puts at 71,969, so the crowd was leaning hard bullish. Options market had a \~7% implied move priced in, stock sitting around $593.

The thing is, that lopsided call/put ratio tells you about participation, not direction. Plenty of ways a "good" print still disappoints if guidance on capex or margins comes in softer than the street expects. Ad revenue beat, AI spending commentary, operating margin trajectory, all of it matters. Beat the number but spook on costs and that 7% move flips red fast.

Ran some scenario analysis through MooMoo across the 5%, 7%, 9% move buckets, factoring in vol crush post-print. The P&L outcomes looked very different depending on which scenario actually played out.

$60.3B was the consensus revenue bar. Strong number, but strong bars get cleared and stocks still sell off. Anyone else stress-testing different move scenarios before earnings rather than just picking a direction?