Deep-pocketed investors have adopted a bearish approach towards Meta Platforms META, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in META usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 57 extraordinary options activities for Meta Platforms. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 47% leaning bullish and 52% bearish. Among these notable options, 7 are puts, totaling $469,322, and 50 are calls, amounting to $3,515,418.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $250.0 to $700.0 for Meta Platforms during the past quarter.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Meta Platforms's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Meta Platforms's significant trades, within a strike price range of $250.0 to $700.0, over the past month.
Meta Platforms Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| META | CALL | SWEEP | BULLISH | 04/19/24 | $15.55 | $15.5 | $15.5 | $500.00 | $492.4K | 9.6K | 593 |
| META | CALL | SWEEP | BULLISH | 04/19/24 | $54.85 | $54.0 | $54.52 | $450.00 | $250.7K | 1.1K | 63 |
| META | CALL | SWEEP | BEARISH | 04/05/24 | $5.35 | $5.1 | $5.1 | $505.00 | $220.2K | 3.0K | 3.9K |
| META | CALL | SWEEP | BEARISH | 04/19/24 | $10.35 | $10.3 | $10.3 | $510.00 | $140.0K | 5.4K | 767 |
| META | PUT | TRADE | NEUTRAL | 04/05/24 | $135.85 | $134.7 | $135.27 | $640.00 | $135.2K | 0 | 40 |
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.
Where Is Meta Platforms Standing Right Now?
- With a trading volume of 3,402,994, the price of META is up by 0.39%, reaching $499.31.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 21 days from now.
Professional Analyst Ratings for Meta Platforms
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $554.5.
- An analyst from Roth MKM has decided to maintain their Buy rating on Meta Platforms, which currently sits at a price target of $500.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on Meta Platforms, which currently sits at a price target 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.
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