A whale with a lot of money to spend (and possibly insider knowledge) has taken a noticeably bearish stance on Facebook.
Looking at options history for FacebookFB we detected 45 strange trades.
If we consider the specifics of each trade, it is accurate to state that 42.22% of the investors opened trades with bullish expectations and 57.78% with bearish.
From the overall spotted trades, 17 are puts, for a total amount of $4,471,195 and 28, calls, for a total amount of $6,180,685.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $260.0 to $420.0 for Facebook over the last 3 months.
Volume & Open Interest Development
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 Facebook'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 Facebook's whale activity within a strike price range from $260.0 to $420.0 in the last 30 days.
Facebook Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FB | PUT | TRADE | BULLISH | 10/15/21 | $330.00 | $1.6M | 9.4K | 3.0K |
| FB | PUT | TRADE | NEUTRAL | 10/15/21 | $327.50 | $831.6K | 3.2K | 1.4K |
| FB | CALL | TRADE | BEARISH | 11/05/21 | $340.00 | $675.0K | 7.0K | 5.2K |
| FB | CALL | TRADE | BEARISH | 11/19/21 | $325.00 | $627.5K | 1.0K | 3.4K |
| FB | CALL | SWEEP | BULLISH | 11/19/21 | $340.00 | $545.9K | 12.9K | 2.0K |
Where Is Facebook Standing Right Now?
- With a volume of 14,500,029, the price of FB is down -1.73% at $319.83.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 13 days.
What The Experts Say On Facebook:
- Goldman Sachs downgraded its action to Buy with a price target of $455.0
- RBC Capital downgraded its action to Outperform with a price target of $425.0
- DZ Bank downgraded its action to Hold with a price target of $350.0
- Jefferies has decided to maintain their Buy rating on Facebook, which currently sits at a price target of $440.0.
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.
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