Data through close

MET max pain, gamma exposure (GEX) & options open interest

As of close

MET max pain · nearest expiration

95.00 for

7.5% below the 102.65 close

All-expiration max pain 90.00

Net GEX 5.53M (positive 140 sessions) GEX flip 77.50 (24.5% below) Put/call OI 1.59

MET close vs max pain · last 60 sessions
102.65 95.00 MP net GEX Aug 21 Nov 13 102.65 95.00 MP net GEX Aug 21 Nov 13

Over the last 60 sessions to Nov 13, 2026, MET closed between 94.16 and 103.57; nearest-expiration max pain ranged from 87.50 to 95.00. Latest max pain 95.00 for the Fri, Nov 20, 2026 expiration. 0 of 3 expirations in view closed nearer the prior-session max pain than the prior close.

  • Close
  • Max pain (nearest expiration)
  • All-expiration max pain
  • Expiry close nearer max pain
  • nearer prior close

Markers sit on expiration sessions and compare that close with the prior session's max pain and close. Bars show net GEX, calls positive and puts negative. Descriptive history, not a forecast.

Over the past 252 sessions, MET's expiration-day close was nearer the prior session's max pain than the prior close on 1 of 12 expirations (8%). Expiration record

MET's nearest-expiration max pain is 95.00 for the Fri, Nov 20, 2026 expiration, 7.5% below the 102.65 close; all-expiration max pain is 90.00; the GEX flip is 77.50; net GEX is 5.53M (modeled dollar-delta change per $1 move); the put/call open-interest ratio is 1.59. These are whole-chain derived aggregates as of Nov 13, 2026 close.

MET max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
95.00
-7.5% from close
Expiry: Fri, Nov 20, 2026
All-expiration max pain: 90.00
GEX flip (gamma neutral)
77.50
-24.5% from close
Net GEX
5,530,608
4,158,196 per 100k OI
Call wall
100.00
-2.6% from close
Put wall
100.00
-2.6% from close
Put/call OI
1.59
81,699 puts / 51,306 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Does MET close at max pain? Expiration record

Over the past 252 sessions, MET's expiration-day close was nearer the prior session's max pain than the prior close on 1 of 12 expirations (8%). The median distance from the expiration close was 5.74% for max pain and 0.66% for an unchanged prior close; 1 of 12 closes finished within 1% of max pain.

MET recent expirations versus prior-session max pain
Expiration Max pain (session before) Prior close Expiration close Close vs max pain Nearer
95.00 100.27 100.76 +5.74% Prior close
90.00 97.35 97.04 +7.23% Prior close
90.00 93.46 94.34 +4.64% Prior close
85.00 93.70 94.00 +9.61% Prior close
80.00 85.85 85.58 +6.50% Prior close
77.50 79.08 79.75 +2.85% Prior close
75.00 77.09 78.08 +4.00% Prior close
72.50 68.61 68.56 -5.74% Prior close
77.50 78.10 79.10 +2.05% Prior close
77.50 77.90 76.77 -0.94% Max pain

Each expiration compares the last session before it, when it was the nearest expiration, with the close of the expiration session. Distances are percentages of that prior close. Underlying closes are not official option settlement values. The archive was reconstructed in September 2026, so it does not show what was published at the time. This is descriptive history, not a forecast. The site-wide 2025 max-pain study uses the same comparison on Thursday snapshots.

Close
102.65
prev 101.87
Gamma max
105.14
+2.4% from close
Delta neutral
96.08
-6.4% from close
Gamma neutral (GEX flip)
77.50
-24.5% from close
Open interest
133,005
+0.2% vs prev
Contracts listed
345
209 calls · 211 puts

Advanced options analysis

Public aggregate 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.

Catalyst intensity
48.1
cross-sectional score / 100
Directional score
-7.7
mixed positioning
IV rank
21.2
within trailing 52-week range
Front IV premium
8.2 pp
front minus back volatility difference
25Δ risk reversal
-6.4 pp
put IV minus call IV
IV butterfly
1.1 pp
front-window smile convexity
Volume / open interest
0.01
1,027 contracts traded
Normalized net delta
0.121
option-holder convention
Modeled dealer delta
-0.113
opposite-side scenario
Vanna / 100k OI
3,768
volatility-sensitive delta
Charm / 100k OI
-1,981,319
time-decay-sensitive delta
IV surface range
257.0 pp
aggregate volatility dispersion

Strongest relative signals: OI change 0.06σ

Download the dated aggregate analysis JSON .

MET closed 2.4% below its gamma max of 105.14. It is 6.4% above the delta neutral price of 96.08. Total open interest is 133,005, +0.2% versus the previous session. Its options catalyst-intensity score is 48.1 out of 100, led by OI change 0.06σ. 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.

MET call and put open interest changes
Measure Value
Call OI change, 1 session +67 contracts · +0.1%
Put OI change, 1 session +239 contracts · +0.3%
Call minus put OI growth, 1 session -0.2 pp
Call OI change, 5 sessions +393 contracts · +0.8%
Put OI change, 5 sessions +4,619 contracts · +6.0%
Call minus put OI growth, 5 sessions -5.2 pp
Daily call OI change surprise +0.04σ (252 prior changes)
Daily put OI change surprise +0.08σ (252 prior changes)
Daily call-minus-put growth surprise -0.06σ (252 prior changes)

History

2025-11 2026-11
close delta neutral gamma max
Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Daily ticker aggregates through 2026-11-13. This analysis view omits individual contract fields.

To see all-expiration max pain over time, open the History chart and select “All-expiration max pain” under More series.

Aggregate IV history

Chart loads when this section is in view.

Swipe chart sideways to see the full range.

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
MET returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -6.0% -3.0% 0% +3.0% +6.0% Cross on Feb 18, 2021 Cross on Mar 9, 2021 Cross on Mar 11, 2021 Cross on Mar 15, 2021 Cross on Mar 19, 2021 Cross on May 7, 2021 Cross on Oct 15, 2021 Cross on Jan 19, 2022 Cross on Jan 21, 2022 Cross on Feb 14, 2022 Cross on Feb 17, 2022 Cross on Mar 18, 2022 Cross on Aug 19, 2022 Cross on Jan 31, 2024 Cross on Feb 16, 2024 Cross on Mar 14, 2024 Cross on Sep 4, 2024 Cross on Sep 20, 2024 Cross on Oct 15, 2024 Cross on Dec 3, 2024 Cross on Jan 17, 2025 Cross on Jun 11, 2026 Cross on Jun 18, 2026 Cross on Jul 8, 2026 Cross on Jul 16, 2026 Cross on Jul 29, 2026 Cross on Aug 7, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
MET historical gamma-max cross outcomes after closing below
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
MET returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -8.0% -4.0% 0% +4.0% +8.0% Cross on Feb 9, 2021 Cross on Feb 19, 2021 Cross on Mar 10, 2021 Cross on Mar 12, 2021 Cross on Mar 18, 2021 Cross on May 6, 2021 Cross on Oct 14, 2021 Cross on Jan 11, 2022 Cross on Jan 20, 2022 Cross on Feb 9, 2022 Cross on Feb 15, 2022 Cross on Mar 17, 2022 Cross on Aug 18, 2022 Cross on Jan 19, 2024 Cross on Feb 12, 2024 Cross on Mar 13, 2024 Cross on Sep 3, 2024 Cross on Sep 16, 2024 Cross on Oct 14, 2024 Cross on Nov 25, 2024 Cross on Jan 16, 2025 Cross on Jun 10, 2026 Cross on Jun 12, 2026 Cross on Jul 6, 2026 Cross on Jul 9, 2026 Cross on Jul 28, 2026 Cross on Aug 6, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
MET historical gamma-max cross outcomes after closing above
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

MET trailing historical statistics
Sessions closed above gamma max 6%
Gamma max crosses 12
Delta neutral crosses 16
Prior-year sessions closer to gamma max 17.5% of 252
Prior-year sessions closer to delta neutral 61.1% of 252
Open interest percentile (1y) 78th
Daily open interest change versus prior year +0.06σ (306 contracts; 252 prior changes)
Open interest change, 5 sessions +3.9%
Open interest change, 21 sessions +3.0%
History available Dec 1, 2020 → Nov 13, 2026

Recent crosses

  1. closed below gamma max at 97.77 vs 99.23 (-1.5%)
  2. closed above gamma max at 99.95 vs 98.65 (+1.3%)
  3. closed below gamma max at 97.02 vs 97.98 (-1.0%)
  4. closed above gamma max at 97.49 vs 97.21 (+0.3%)
  5. closed below gamma max at 93.70 vs 94.46 (-0.8%)
  6. closed above gamma max at 91.15 vs 90.58 (+0.6%)
  7. closed below gamma max at 90.10 vs 90.80 (-0.8%)
  8. closed above gamma max at 90.46 vs 90.30 (+0.2%)
  9. closed below gamma max at 85.58 vs 90.00 (-5.2%)
  10. closed above gamma max at 88.84 vs 87.87 (+1.1%)

In today's screens

Neighbours by open interest

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Questions people ask about MET

What is MET's max pain for the nearest expiration?

As of Nov 13, 2026 close, nearest-expiration max pain is 95.00 for the Fri, Nov 20, 2026 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

Is MET max pain a reliable closing-price forecast?

Over the past 252 sessions, MET's expiration-day close was nearer the prior session's max pain than the prior close on 1 of 12 expirations (8%). The median distance from the expiration close was 5.74% for max pain and 0.66% for an unchanged prior close. Past expirations do not predict the next one. See the expiration record.

What do MET's gamma exposure and gamma flip show?

Signed net GEX is 5,530,608 as of Nov 13, 2026 close. The confirmed GEX flip is 77.50. Net GEX has been positive for the last 140 sessions and negative on 74 of the past 252. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is MET's gamma max today?

As of Nov 13, 2026, the gamma max for MET is 105.14, +2.4% from the 102.65 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: 102.65 against a delta neutral price of 96.08. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does MET have?

133,005 contracts of open interest across 345 listed contracts on Nov 13, 2026, +0.2% 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.