Meta Platforms Earnings Imminent, Options Market Indicates 9.5% Move By Week's End

Meta Platforms, Inc. META is expected to release quarterly results after the closing bell on July 26, 2023.

On CNBC’s "Options Action,"  Mike Khouw of Optimize Advisors said there were 1.5x more calls than puts on Meta during Tuesday’s session. Options markets are implying a move of around 9.5% by the end of the week.

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There were buyers of 6,171 of the July 28 weekly 320-calls at an average price of around $5.30 per contract, Khouw mentioned.

Traders expect Meta’s stock to move higher through the end of the week.

Wall Street expects Meta Platforms to post quarterly earnings at $2.91 per share on revenue of $31.12 billion.

Price Action: Meta shares gained 1% to close at $294.47 on Tuesday, and added 1.7% in today’s pre-market trading session.

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