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Today, Benzinga's options scanner spotted 14 uncommon options trades for Facebook (NASDAQ:FB). The overall sentiment shows 42.86% of the big-money traders are bullish on the stock and 57.14%, bearish. Out of all of the special options found by our algorithm, 4 are puts, for a total amount of $1,512,086 and 10, calls, for a total amount of $4,531,025.
What's The Price Target?
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Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $300.0 to $400.0 for Facebook in the over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the total open interest for Facebook big money options trades today is 60,902 with a total volume of 76,487.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Facebook's big money trades within a strike price range of $300.0 to $400.0 over the last 30 days.
Facebook Option Volume And Open Interest Over Last 30 Days
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Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FB | CALL | SWEEP | BEARISH | 09/17/21 | $380.00 | $125.6K | 26.6K | 12.3K |
| FB | CALL | TRADE | BULLISH | 09/17/21 | $380.00 | $35.2K | 26.6K | 19.3K |
| FB | CALL | SWEEP | BULLISH | 09/17/21 | $380.00 | $34.1K | 26.6K | 14.3K |
| FB | CALL | SWEEP | BULLISH | 09/17/21 | $380.00 | $46.1K | 26.6K | 10.6K |
| FB | PUT | TRADE | NEUTRAL | 01/20/23 | $300.00 | $1.1 million | 4.2K | 492 |
Where Is Facebook Standing Right Now?
- With a volume of 5,390,547, the price of FB is up 0.3% over the last 24 hours at $377.65.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 44 days.
What The Experts Say On Facebook:
- Arete Research downgraded its action to Neutral with a price target of $381.0
- Goldman Sachs rated the stock a Buy saying it has the potential to increase 20.48% to a target of $455.0
- HSBC has decided to maintain their Reduce rating on Facebook, which currently sits at a price target of $300.0.
- Rosenblatt downgraded its action to Neutral with a price target of $400.0
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely. If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.