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Investors with a lot of money to spend have taken a bullish stance on Meta Platforms (NASDAQ: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 25 uncommon options trades for Meta Platforms.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 32%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $218,570, and 20 are calls, for a total amount of $2,146,242.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $570.0 for Meta Platforms during the past quarter.
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 $100.0 to $570.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| META | CALL | SWEEP | NEUTRAL | 06/21/24 | $341.55 | $340.1 | $340.95 | $165.00 | $477.3K | 212 | 3 |
| META | CALL | TRADE | BULLISH | 06/21/24 | $403.25 | $402.05 | $403.25 | $100.00 | $241.9K | 51 | 0 |
| META | CALL | TRADE | BULLISH | 06/21/24 | $345.3 | $343.6 | $344.84 | $160.00 | $241.3K | 1.0K | 50 |
| META | CALL | TRADE | BULLISH | 06/20/25 | $75.05 | $73.7 | $75.0 | $530.00 | $225.0K | 240 | 0 |
| META | CALL | TRADE | BULLISH | 06/21/24 | $325.3 | $323.8 | $324.85 | $180.00 | $129.9K | 110 | 5 |
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 US and Canada and over 20% from Europe.
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
2 market experts have recently issued ratings for this stock, with a consensus target price of $500.0.
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.
Posted In: META
