Investors with a lot of money to spend have taken a bearish 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 27 uncommon options trades for Meta Platforms.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 51%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $664,556, and 20 are calls, for a total amount of $2,592,138.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $250.0 to $580.0 for Meta Platforms over the recent three months.
Analyzing Volume & Open Interest
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 $250.0 to $580.0 in the last 30 days.
Meta Platforms Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| META | CALL | TRADE | BULLISH | 08/16/24 | $32.2 | $31.95 | $32.3 | $500.00 | $888.2K | 7.4K | 126 |
| META | CALL | SWEEP | BULLISH | 06/21/24 | $217.25 | $216.85 | $217.25 | $280.00 | $325.8K | 1.9K | 3 |
| META | CALL | SWEEP | BEARISH | 06/21/24 | $27.45 | $27.2 | $27.2 | $475.00 | $228.4K | 4.4K | 325 |
| META | CALL | TRADE | BEARISH | 06/21/24 | $243.35 | $242.0 | $242.0 | $255.00 | $217.8K | 47 | 0 |
| META | CALL | SWEEP | BEARISH | 06/28/24 | $8.65 | $8.25 | $8.5 | $500.00 | $212.5K | 3.8K | 16 |
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.
Meta Platforms's Current Market Status
- With a trading volume of 6,368,710, the price of META is down by -1.03%, reaching $496.55.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 33 days from now.
What The Experts Say On Meta Platforms
In the last month, 3 experts released ratings on this stock with an average target price of $513.3333333333334.
- Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Meta Platforms with a target price of $540.
- An analyst from BMO Capital downgraded its action to Market Perform with a price target of $450.
- An analyst from Raymond James persists with their Strong Buy rating on Meta Platforms, maintaining a target price of $550.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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