Meta Platforms, Inc. (NASDAQ:META) is all set to report its latest quarterly earnings after the closing bell on Wednesday, Feb. 1, 2023. Analysts expect the company to report quarterly earnings at $2.22 per share on revenue of $31.53 billion.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said options markets are implying a move of much larger than 10% by the end of the week.

There were 1.5x more calls than puts on Tuesday, Khouw said.

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There was a buyer of 1,700 of the March 160/196.5 calls at an average price of $3.90 per contract, Khouw mentioned.

The trader expects Meta’s stock to rise at least 13% by March expiration.

Price Action: Shares of Meta rose 1.3% to close at $148.97 on Tuesday, and lost 1.3% in the after-hours trading session.

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