Net gamma exposure by strike ($M per 1% move) · estimated from the META options chain (Polygon).
These are the 6 strikes carrying the most dealer gamma in META right now. The heaviest is 610 at -12.8M per 1% move, 0.3% below spot — that is where hedging flow concentrates, and where price tends to slow down or stall.
| Strike | Net gamma | From spot | Effect |
|---|---|---|---|
| 620 | +11M | 1.3% | pins price |
| 615 | -3.7M | 0.5% | accelerates moves |
| 612.5 | +6.6M | 0.1% | pins price |
| 610 | -12.8M | -0.3% | accelerates moves |
| 607.5 | -4.1M | -0.7% | accelerates moves |
| 600 | -4.3M | -1.9% | accelerates moves |
As of the latest session, META is trading at $611.91 (-0.47% on the day). Net dealer gamma is negative, with the zero-gamma flip near —. The call wall sits at 620 (upside magnet / resistance) and the put wall at 610 (downside level). Max pain is 620, and the options market is pricing a 1-sigma expected move of about ±1.2% (ATM IV 32%).
The gamma is stacked above spot: +$28M sits overhead against +$0M underneath, a 276.0-to-1 skew. That imbalance is a magnet — dealer hedging leans price upward toward 620 — but it is also why there is so little to catch META if it goes the other way.
One strike dominates the map: 610, carrying −$13M per 1% move — below the current price. Negative gamma that size behaves like an accelerant — dealers chase price through it rather than defending it.
The options market is pricing a 1-sigma move of ±1.2% (±$7.33) into the nearest expiry, with ATM implied volatility at 32% — neither stretched nor giving anything away.
Spot is effectively at the 620 call wall (+1.32% away), the top of a 610–620 band worth 1.6% of price. This is where hedging flow does the most work: expect supply into strength until the wall is decisively cleared.
Want it interactive? Open META on the live gamma map → · see how META compares across the whole board on the free market regime tracker · new to this? What is GEX →
META is in positive gamma with — of room above the null flip. Dealers are damping moves, so expect a mean-reverting tape that pulls back toward the heavy strikes.
META's flip isn't resolvable from the current chain — check the live map for today's level.
META's flip is not resolvable from the current chain. Pull it live on the free map — the level moves with open interest, so a stale number is worse than none.
META's call wall (620) is a magnet and resistance; the put wall (610) is support in positive gamma but a through-level once price is below the flip.
620, for the 2026-11-02 expiry — expiring today. Spot is $611.91, so max pain sits 1.3% above the current price. In negative gamma the pull is weak: dealers are amplifying moves, not damping them toward a strike.
About -7M per 1% move into the 2026-11-02 expiry — though spot is below the zero-gamma flip, so hedging at this price runs with the move and adds to it. GEX describes the character of the tape, not the direction. How dealer gamma works →
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Estimated from the META options chain (Polygon) · gamma shifts intraday · educational, not financial advice · options carry substantial risk.
