META Gamma Exposure (GEX) — Gamma Flip, Call & Put Walls

Q: What is META gamma exposure (GEX)?

META gamma exposure (GEX) measures the total gamma options dealers hold across all META strikes. It indicates how dealers must hedge as META moves: high positive GEX tends to suppress volatility and pin price near key strikes, while negative GEX amplifies moves.

Q: What is the META gamma flip level?

The META gamma flip is the price where aggregate dealer gamma shifts from positive to negative. Above the flip, dealers stabilize price by selling rallies and buying dips; below it, hedging amplifies moves and volatility tends to rise.

Q: What are the META call wall and put wall?

The META call wall is the strike with the highest call gamma and often acts as resistance; the put wall is the strike with the highest put gamma and often acts as support. Together they frequently define the expected trading range.

Q: How often is META GEX updated?

The META GEX dashboard updates daily using end-of-day options and price data after the US market close, as a pre-market planning tool for the next session.

META Gamma Exposure Explained

META has a reputation for large, gap-driven moves, which makes its gamma exposure especially worth tracking. Its options market is deep and its open interest concentrates around earnings and major product or AI catalysts, producing sharply defined call and put walls. When META is in positive gamma, dealer hedging tends to keep it orderly; when it flips negative, the stock is capable of some of the biggest single-day megacap moves in the market.

That behavior makes META's gamma flip a high-value level. Crossing it often separates a calm, range-bound stretch from a volatile trend, and because META is a significant index weight, its regime changes can add to or offset what SPY and QQQ are doing. The call wall is particularly important around catalysts, when a push into heavily-owned upside strikes can force dealers to chase.

The dashboard below estimates META's gamma flip and walls from end-of-day data. For the concepts behind these levels, see our guide on reading a GEX chart.

META GEX — Frequently Asked Questions

What is META gamma exposure (GEX)?

META gamma exposure measures the total gamma options dealers hold across all META strikes. It signals how dealers must hedge as the price moves: high positive GEX tends to suppress volatility and pin price near key strikes, while negative GEX amplifies moves.

What is the META gamma flip level?

The gamma flip is the price where aggregate dealer gamma shifts from positive to negative. Above it, dealers stabilize price by selling rallies and buying dips; below it, hedging amplifies moves and volatility tends to rise.

What are the META call wall and put wall?

The call wall is the strike with the highest call gamma and often acts as resistance; the put wall is the strike with the highest put gamma and often acts as support. Together they frequently define the expected trading range.

How often is META GEX updated?

The dashboard updates daily using end-of-day options and price data after the US market close — designed as a pre-market planning tool for the next session.

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