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Behind the Scenes of Meta Platforms's Latest Options Trends

Author: Benzinga Insights | September 06, 2024 10:30am

Deep-pocketed investors have adopted a bearish approach towards Meta Platforms (NASDAQ: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 26 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 30% leaning bullish and 46% bearish. Among these notable options, 14 are puts, totaling $863,076, and 12 are calls, amounting to $933,711.

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 $450.0 and $540.0 for Meta Platforms, spanning the last three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Meta Platforms's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Meta Platforms's substantial trades, within a strike price spectrum from $450.0 to $540.0 over the preceding 30 days.

Meta Platforms Option Activity Analysis: Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
META CALL SWEEP BEARISH 03/21/25 $88.1 $86.25 $86.25 $470.00 $293.7K 315 34
META CALL TRADE BULLISH 06/20/25 $112.65 $111.25 $112.25 $450.00 $224.5K 888 20
META PUT TRADE BEARISH 03/21/25 $53.2 $52.9 $53.2 $520.00 $212.8K 544 80
META PUT SWEEP NEUTRAL 09/06/24 $2.98 $2.88 $2.89 $522.50 $186.0K 1.5K 789
META PUT SWEEP BEARISH 09/13/24 $8.4 $8.2 $8.4 $515.00 $67.2K 1.5K 590

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 US and Canada and over 20% from Europe.

Current Position of Meta Platforms

  • With a trading volume of 2,247,892, the price of META is down by -0.44%, reaching $514.57.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 47 days from now.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Meta Platforms options trades with real-time alerts from Benzinga Pro.

Posted In: META

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