Meta Platforms Unusual Options Activity For June 02

A whale with a lot of money to spend has taken a noticeably bullish stance on Meta Platforms.

Looking at options history for Meta Platforms META we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $160,785 and 8, calls, for a total amount of $273,857.

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 $125.0 to $310.0 for Meta Platforms over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $125.0 to $310.0 in the last 30 days.

Meta Platforms 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
META PUT TRADE BULLISH 07/21/23 $250.00 $84.0K 2.7K 214
META CALL TRADE BULLISH 06/02/23 $125.00 $44.9K 17 3
META CALL TRADE BEARISH 07/21/23 $235.00 $41.3K 3.2K 0
META PUT SWEEP BEARISH 06/16/23 $265.00 $40.1K 995 27
META PUT SWEEP BEARISH 06/02/23 $275.00 $36.6K 669 967

Where Is Meta Platforms Standing Right Now?

  • With a volume of 739,808, the price of META is up 0.47% at $273.88.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 54 days.

What The Experts Say On Meta Platforms:

  • Loop Capital upgraded its action to Buy with a price target of $320

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 want to stay updated on the latest options trades for Meta Platforms, Benzinga Pro gives you real-time options trades alerts.

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METAMeta Platforms Inc
$591.65-1.06%

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