Check Out What Whales Are Doing With META

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 positions 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.

Today, Benzinga's options scanner spotted 13 options trades for Meta Platforms.

This isn't normal.

The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $56,120, and 12, calls, for a total amount of $557,991.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.0 to $320.0 for Meta Platforms over the recent three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Meta Platforms's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Meta Platforms's substantial trades, within a strike price spectrum from $5.0 to $320.0 over the preceding 30 days.

Meta Platforms Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

About Meta Platforms

Meta is the world's largest online social network, with 3.8 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 U.S. and Canada and over 20% from Europe.

Following our analysis of the options activities associated with Meta Platforms, we pivot to a closer look at the company's own performance. It's important to consider not only its current market situation but also the insights offered by industry analysts regarding the stock.

Current Position of Meta Platforms

• With a trading volume of 1,420,640, the price of META is up by 0.18%, reaching $320.34.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 83 days from now.

What Analysts Are Saying About Meta Platforms

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $385.2.

• An analyst from Keybanc persists with their Overweight rating on Meta Platforms, maintaining a target price of $380.
• Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Meta Platforms, targeting a price of $355.
• An analyst from Wells Fargo has decided to maintain their Overweight rating on Meta Platforms, which currently sits at a price target of $380.
• Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Meta Platforms with a target price of $411.
• An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $400.

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.