MET max pain, gamma exposure (GEX) & options open interest
As of close · rank #562 by open interest · 1,394 sessions of history since Dec 1, 2020
MET's nearest-expiration max pain is 95.00 for 2026-10-16, its GEX flip is 93.14, net GEX is 1,438,092, its put/call open-interest ratio is 1.54. These are whole-chain derived aggregates as of Oct 2, 2026 close.
Whole-chain analytics
Derived after the close from the same dated options chain. Signed gamma exposure uses calls positive and puts negative; it is a model convention, not observed dealer inventory.
Advanced options analysis
Complete derived analysis from the dated chain, normalized where possible for comparison across tickers. Catalyst intensity measures unusual pricing and activity; it does not identify an event, predict direction, or establish that an investment is attractive.
Strongest relative signals: OI change 0.13σ · smile convexity 10.7 pp
MET closed 6.5% below its gamma max of 100.61. It is 3.6% above the delta neutral price of 91.07. Total open interest is 125,289, +0.6% versus the previous session. Its options catalyst-intensity score is 45.0 out of 100, led by OI change 0.13σ, smile convexity 10.7 pp. What gamma max means · What delta neutral means
Call versus put open interest changes
Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.
| Measure | Value |
|---|---|
| Call OI change, 1 session | +579 contracts · +1.2% |
| Put OI change, 1 session | +167 contracts · +0.2% |
| Call minus put OI growth, 1 session | +1.0 pp |
| Call OI change, 5 sessions | +4,339 contracts · +9.6% |
| Put OI change, 5 sessions | +4,996 contracts · +7.0% |
| Call minus put OI growth, 5 sessions | +2.6 pp |
| Daily call OI change surprise | +0.21σ (252 prior changes) |
| Daily put OI change surprise | +0.06σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.39σ (252 prior changes) |
History
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Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
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Gamma walls
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What followed prior gamma-max crosses?
Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.
Crosses below gamma max 27 completed Day +10 paths · latest Aug 7, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 27 | -0.3% | -0.7% to +0.9% | 44% | -0.6% to +0.5% | 0.0% |
| Day +2 | 27 | -0.1% | -1.2% to +0.7% | 48% | -1.0% to +0.2% | 0.0% |
| Day +3 | 27 | -0.4% | -1.6% to +0.8% | 37% | -1.1% to +0.7% | 0.0% |
| Day +4 | 27 | -0.5% | -2.0% to +1.0% | 37% | -1.1% to +0.4% | 0.0% |
| Day +5 | 27 | -0.7% | -1.7% to +0.6% | 37% | -1.2% to +0.4% | 0.0% |
| Day +6 | 27 | -0.0% | -2.4% to +1.2% | 48% | -2.2% to +1.0% | 0.0% |
| Day +7 | 27 | -0.2% | -2.2% to +1.4% | 48% | -1.5% to +0.8% | 0.0% |
| Day +8 | 27 | -0.2% | -2.5% to +1.8% | 48% | -2.2% to +1.4% | 0.0% |
| Day +9 | 27 | +0.5% | -3.2% to +2.7% | 52% | -2.4% to +2.0% | 0.0% |
| Day +10 | 27 | -0.4% | -3.4% to +2.8% | 48% | -1.9% to +2.7% | 0.0% |
Crosses above gamma max 27 completed Day +10 paths · latest Aug 6, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 27 | -0.1% | -0.8% to +0.7% | 48% | -0.8% to +0.5% | 0.0% |
| Day +2 | 27 | -0.4% | -1.5% to +1.0% | 41% | -0.8% to +0.9% | 0.0% |
| Day +3 | 27 | -0.2% | -2.2% to +1.3% | 48% | -1.5% to +1.0% | 0.0% |
| Day +4 | 27 | +0.3% | -2.4% to +1.6% | 52% | -1.2% to +1.3% | 0.0% |
| Day +5 | 27 | -0.3% | -1.8% to +1.7% | 48% | -1.4% to +0.9% | 0.0% |
| Day +6 | 27 | -0.6% | -1.6% to +1.7% | 44% | -1.5% to +1.0% | 0.0% |
| Day +7 | 27 | -0.1% | -2.8% to +2.0% | 48% | -2.0% to +1.7% | 0.0% |
| Day +8 | 27 | -0.1% | -2.4% to +2.3% | 48% | -2.1% to +1.1% | 0.0% |
| Day +9 | 27 | -1.7% | -3.6% to +1.8% | 37% | -3.3% to +0.5% | 0.0% |
| Day +10 | 27 | -0.4% | -3.5% to +1.6% | 41% | -3.2% to +0.9% | 0.0% |
Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.
Last 252 sessions
| Sessions closed above gamma max | 6% |
| Gamma max crosses | 12 |
| Delta neutral crosses | 18 |
| Prior-year sessions closer to gamma max | 50.0% of 252 |
| Prior-year sessions closer to delta neutral | 42.5% of 252 |
| Open interest percentile (1y) | 55th |
| Daily open interest change versus prior year | +0.13σ (746 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +8.1% |
| Open interest change, 21 sessions | -6.3% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below gamma max at 97.77 vs 99.23 (-1.5%)
- closed above gamma max at 99.95 vs 98.65 (+1.3%)
- closed below gamma max at 97.02 vs 97.98 (-1.0%)
- closed above gamma max at 97.49 vs 97.21 (+0.3%)
- closed below gamma max at 93.70 vs 94.46 (-0.8%)
- closed above gamma max at 91.15 vs 90.58 (+0.6%)
- closed below gamma max at 90.10 vs 90.80 (-0.8%)
- closed above gamma max at 90.46 vs 90.30 (+0.2%)
- closed below gamma max at 85.58 vs 90.00 (-5.2%)
- closed above gamma max at 88.84 vs 87.87 (+1.1%)
In today's screens
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Neighbours by open interest
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Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/MET
Questions people ask about MET
Where is MET's gamma max today?
As of Oct 2, 2026, the gamma max for MET is 100.61, +6.5% from the 94.43 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.
Is MET above or below its delta neutral price?
MET closed above delta neutral: 94.43 against a delta neutral price of 91.07. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does MET have?
125,289 contracts of open interest across 350 listed contracts on Oct 2, 2026, +0.6% versus the previous session. What open interest measures.
Levels are recomputed after every trading day from licensed end-of-day options data; only derived aggregates are published. Methodology · Data and licence · Not investment advice.