$META options positioning
Where dealers flip from dampening to amplifying $META moves, the max pain magnet, and the options-implied expected move — computed live from the options chain.
How to read $META's positioning
Gamma flip
The price where dealers' net gamma exposure crosses zero. Above it they hedge against the move (dips in $META get bought, ranges hold); below it they hedge with the move and trends accelerate. What is GEX? →
Max pain
The strike where the most $META options expire worthless. Price often gravitates toward it into expiration as hedging flows unwind. Max pain explained →
Expected move
The move the options market is pricing in for $META by the nearest expiration, derived from the at-the-money straddle. Expected move explained →
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