Whales with a lot of money to spend have taken a noticeably bullish stance on Meta Platforms.
Looking at options history for Meta Platforms META we detected 172 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 46 are puts, for a total amount of $3,381,485 and 126, calls, for a total amount of $17,096,561.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $1190.0 for Meta Platforms, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Meta Platforms's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Meta Platforms's whale activity within a strike price range from $5.0 to $1190.0 in the last 30 days.
Meta Platforms 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| META | CALL | TRADE | BULLISH | 01/17/25 | $12.25 | $12.1 | $12.2 | $650.00 | $366.0K | 14.5K | 5.2K |
| META | CALL | TRADE | BEARISH | 06/20/25 | $58.6 | $58.2 | $58.35 | $650.00 | $210.0K | 1.7K | 83 |
| META | CALL | SWEEP | NEUTRAL | 01/17/25 | $614.55 | $612.85 | $613.59 | $10.00 | $184.0K | 20 | 9 |
| META | PUT | TRADE | BEARISH | 01/16/26 | $93.7 | $93.35 | $93.7 | $650.00 | $159.2K | 192 | 28 |
| META | PUT | SWEEP | BEARISH | 02/21/25 | $52.45 | $52.35 | $52.45 | $650.00 | $104.8K | 165 | 195 |
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.
Where Is Meta Platforms Standing Right Now?
- Currently trading with a volume of 6,417,874, the META's price is down by -0.3%, now at $622.38.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 44 days.
What The Experts Say On Meta Platforms
In the last month, 3 experts released ratings on this stock with an average target price of $681.6666666666666.
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. * Reflecting concerns, an analyst from Raymond James lowers its rating to Strong Buy with a new price target of $675. * An analyst from Piper Sandler has decided to maintain their Overweight rating on Meta Platforms, which currently sits at a price target of $670. * Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Meta Platforms with a target price of $700.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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