A Closer Look at Meta Platforms's Options Market Dynamics

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 10 uncommon options trades for Meta Platforms.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $620,545, and 3 are calls, for a total amount of $106,346.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $480.0 and $520.0 for Meta Platforms, spanning the last three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Meta Platforms stands at 3291.8, with a total volume reaching 4,224.00. 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 $480.0 to $520.0, throughout the last 30 days.

Meta Platforms 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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 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.

Current Position of Meta Platforms

• With a volume of 442,535, the price of META is down -1.72% at $488.43.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 36 days.

Expert Opinions on Meta Platforms

2 market experts have recently issued ratings for this stock, with a consensus target price of $554.5.

• Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on Meta Platforms with a target price of $500.
• Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Meta Platforms, targeting a price of $609.

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.