Meta Platforms's Options: A Look at What the Big Money is Thinking

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 456 uncommon options trades for Meta Platforms.

This isn't normal.

The overall sentiment of these big-money traders is split between 47% bullish and 31%, bearish.

Out of all of the special options we uncovered, 52 are puts, for a total amount of $4,705,395, and 404 are calls, for a total amount of $51,327,020.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $180.0 and $1150.0 for Meta Platforms, spanning the last three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Meta Platforms stands at 1890.71, with a total volume reaching 1,328,667.00. 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 $180.0 to $1150.0, throughout the last 30 days.

Meta Platforms Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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.

Meta Platforms's Current Market Status

• Trading volume stands at 20,027,013, with META's price up by 2.0%, positioned at $689.99.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 83 days.

Expert Opinions on Meta Platforms

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $789.2.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Cantor Fitzgerald keeps a Overweight rating on Meta Platforms with a target price of $790. * In a positive move, an analyst from Benchmark has upgraded their rating to Buy and adjusted the price target to $820. * An analyst from Piper Sandler has decided to maintain their Overweight rating on Meta Platforms, which currently sits at a price target of $775. * Consistent in their evaluation, an analyst from Mizuho keeps a Outperform rating on Meta Platforms with a target price of $750. * Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Meta Platforms with a target price of $811.

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.