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 23 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 43% leaning bullish and 56% bearish. Among these notable options, 3 are puts, totaling $144,575, and 20 are calls, amounting to $1,267,492.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $410.0 for Meta Platforms over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $140.0 to $410.0 in the last 30 days.
Meta Platforms Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| META | CALL | TRADE | NEUTRAL | 01/19/24 | $330.00 | $462.5K | 12.3K | 1.0K |
| META | CALL | SWEEP | BEARISH | 12/15/23 | $340.00 | $104.4K | 8.6K | 393 |
| META | PUT | SWEEP | BEARISH | 04/19/24 | $345.00 | $90.2K | 113 | 0 |
| META | CALL | TRADE | BULLISH | 01/19/24 | $140.00 | $72.5K | 5.5K | 0 |
| META | CALL | TRADE | BEARISH | 01/19/24 | $325.00 | $71.4K | 6.7K | 0 |
About Meta Platforms
Meta is the world’s largest online social network, with 3.8 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.
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
Where Is Meta Platforms Standing Right Now?
- Trading volume stands at 1,411,464, with META’s price up by 0.52%, positioned at $319.94.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 56 days.
Expert Opinions on 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 $420.0.
- Maintaining their stance, an analyst from Tigress Financial continues to hold a Strong Buy rating for Meta Platforms, targeting a price of $435.
- An analyst from Stifel downgraded its action to Buy with a price target of $405.
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.
