Meta Platforms's Options Frenzy: What You Need to Know

Investors with a lot of money to spend have taken a bullish stance on Meta Platforms META.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with META, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 25 uncommon options trades for Meta Platforms.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 32%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $218,570, and 20 are calls, for a total amount of $2,146,242.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $570.0 for Meta Platforms during the past quarter.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Meta Platforms's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Meta Platforms's whale activity within a strike price range from $100.0 to $570.0 in the last 30 days.

Meta Platforms 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
META CALL SWEEP NEUTRAL 06/21/24 $341.55 $340.1 $340.95 $165.00 $477.3K 212 3
META CALL TRADE BULLISH 06/21/24 $403.25 $402.05 $403.25 $100.00 $241.9K 51 0
META CALL TRADE BULLISH 06/21/24 $345.3 $343.6 $344.84 $160.00 $241.3K 1.0K 50
META CALL TRADE BULLISH 06/20/25 $75.05 $73.7 $75.0 $530.00 $225.0K 240 0
META CALL TRADE BULLISH 06/21/24 $325.3 $323.8 $324.85 $180.00 $129.9K 110 5

About Meta Platforms

Meta is the world's largest online social network, with nearly 4 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with more than 45% coming from the US and Canada and over 20% from Europe.

Having examined the options trading patterns of Meta Platforms, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Meta Platforms's Current Market Status

  • Trading volume stands at 1,593,782, with META's price up by 0.12%, positioned at $504.19.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 40 days.

What The Experts Say On Meta Platforms

2 market experts have recently issued ratings for this stock, with a consensus target price of $500.0.

  • An analyst from Raymond James has decided to maintain their Strong Buy rating on Meta Platforms, which currently sits at a price target of $550.
  • In a cautious move, an analyst from BMO Capital downgraded its rating to Market Perform, setting a price target of $450.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Meta Platforms with Benzinga Pro for real-time alerts.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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