Decoding Meta Platforms's Options Activity: What's the Big Picture?

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 11 uncommon options trades for Meta Platforms.

This isn't normal.

The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $56,465, and 9 are calls, for a total amount of $464,295.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $400.0 for Meta Platforms, spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Meta Platforms options trades today is 3769.73 with a total volume of 5,383.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Meta Platforms's big money trades within a strike price range of $200.0 to $400.0 over the last 30 days.

Meta Platforms Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

About Meta Platforms

Meta is the world's largest online social network, with 3.8 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 U.S. and Canada and over 20% from Europe.

Following our analysis of the options activities associated with Meta Platforms, we pivot to a closer look at the company's own performance.

Meta Platforms's Current Market Status

• With a trading volume of 1,832,675, the price of META is up by 1.5%, reaching $342.05.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 70 days from now.

Professional Analyst Ratings for Meta Platforms

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $382.2.

• Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Meta Platforms with a target price of $400.
• Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Meta Platforms, targeting a price of $355.
• Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Meta Platforms with a target price of $411.
• An analyst from Keybanc persists with their Overweight rating on Meta Platforms, maintaining a target price of $380.
• Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on Meta Platforms with a target price of $365.

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.