What the Options Market Tells Us About Meta Platforms

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 151 uncommon options trades for Meta Platforms.

This isn't normal.

The overall sentiment of these big-money traders is split between 32% bullish and 49%, bearish.

Out of all of the special options we uncovered, 49 are puts, for a total amount of $3,820,157, and 102 are calls, for a total amount of $7,530,428.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $820.0 for Meta Platforms during the past quarter.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Meta Platforms stands at 1823.69, with a total volume reaching 65,725.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Meta Platforms, situated within the strike price corridor from $20.0 to $820.0, throughout the last 30 days.

Meta Platforms Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Meta Platforms

Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.

After a thorough review of the options trading surrounding Meta Platforms, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Meta Platforms

• With a volume of 4,053,071, the price of META is down -0.88% at $594.54.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 31 days.

What The Experts Say On Meta Platforms

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $698.3333333333334.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from JP Morgan has decided to maintain their Overweight rating on Meta Platforms, which currently sits at a price target of $725. * An analyst from Truist Securities has decided to maintain their Buy rating on Meta Platforms, which currently sits at a price target of $700. * An analyst from Piper Sandler has decided to maintain their Overweight rating on Meta Platforms, which currently sits at a price target of $670.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Meta Platforms options trades with real-time alerts from Benzinga Pro.