Looking At Meta Platforms's Recent Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bearish stance on Meta Platforms.

Looking at options history for Meta Platforms META we detected 30 trades.

If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 46% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $324,715 and 22, calls, for a total amount of $1,537,717.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $860.0 for Meta Platforms during the past quarter.

Analyzing 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 $860.0 in the last 30 days.

Meta Platforms Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

Having examined the options trading patterns of Meta Platforms, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Meta Platforms

• Trading volume stands at 1,222,273, with META's price up by 0.66%, positioned at $603.83.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 37 days.

What The Experts Say On Meta Platforms

4 market experts have recently issued ratings for this stock, with a consensus target price of $692.5.

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. * An analyst from Truist Securities has decided to maintain their Buy rating on Meta Platforms, which currently sits at a price target of $700. * An analyst from JP Morgan has decided to maintain their Overweight rating on Meta Platforms, which currently sits at a price target of $725. * An analyst from Piper Sandler persists with their Overweight rating on Meta Platforms, maintaining a target price of $670. * An analyst from Raymond James has revised its rating downward to Strong Buy, adjusting the price target to $675.

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.