Someone with a lot of money to spend has taken a bullish stance on Meta Platforms (NASDAQ:META).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with META, it often means somebody knows something is about to happen.
Today, Benzinga’s options scanner spotted 17 options trades for Meta Platforms.
This isn’t normal.
The overall sentiment of these big-money traders is split between 52% bullish and 47%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $104,550, and 16, calls, for a total amount of $1,308,385..
What’s The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $125.0 to $340.0 for Meta Platforms over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Meta Platforms options trades today is 5270.45 with a total volume of 28,033.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Meta Platforms’s big money trades within a strike price range of $125.0 to $340.0 over the last 30 days.
Meta Platforms Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| META | CALL | SWEEP | BULLISH | 05/26/23 | $250.00 | $261.9K | 9.7K | 884 |
| META | CALL | SWEEP | BULLISH | 05/26/23 | $250.00 | $139.3K | 9.7K | 4.1K |
| META | CALL | TRADE | BULLISH | 05/26/23 | $240.00 | $138.0K | 2.5K | 3 |
| META | CALL | TRADE | NEUTRAL | 12/15/23 | $145.00 | $108.5K | 17 | 0 |
| META | CALL | TRADE | NEUTRAL | 06/16/23 | $140.00 | $107.7K | 5.0K | 0 |
Where Is Meta Platforms Standing Right Now?
- With a volume of 984,401, the price of META is up 0.09% at $247.07.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 68 days.
What The Experts Say On Meta Platforms:
- Roth Capital downgraded its action to Buy with a price target of $255
- Barclays has decided to maintain their Overweight rating on Meta Platforms, which currently sits at a price target of $320.
- Huber Research upgraded its action to Overweight with a price target of $290
- RBC Capital downgraded its action to Outperform with a price target of $225
- JMP Securities has decided to maintain their Outperform rating on Meta Platforms, which currently sits at a price target of $270.
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.
