A whale with a lot of money to spend has taken a noticeably bullish stance on Meta Platforms.
Looking at options history for Meta Platforms (NASDAQ:FB) we detected 19 strange trades.
If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $585,523 and 12, calls, for a total amount of $723,467.
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 $180.0 to $500.0 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 4664.31 with a total volume of 108,030.00.
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 $180.0 to $500.0 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 |
|---|---|---|---|---|---|---|---|---|
| FB | CALL | SWEEP | BULLISH | 03/11/22 | $205.00 | $316.3K | 2.7K | 2.0K |
| FB | PUT | TRADE | BULLISH | 06/17/22 | $375.00 | $251.5K | 914 | 15 |
| FB | PUT | TRADE | BULLISH | 03/18/22 | $320.00 | $111.4K | 3.0K | 12 |
| FB | PUT | SWEEP | BULLISH | 01/20/23 | $350.00 | $71.6K | 2.2K | 102 |
| FB | PUT | TRADE | BEARISH | 01/20/23 | $310.00 | $63.7K | 6.0K | 66 |
Where Is Meta Platforms Standing Right Now?
- With a volume of 7,831,189, the price of FB is down -0.19% at $207.21.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 61 days.
What The Experts Say On Meta Platforms:
- Loop Capital downgraded its action to Hold with a price target of $230
- JMP Securities has decided to maintain their Market Outperform rating on Meta Platforms, which currently sits at a price target of $350.
- Truist Securities has decided to maintain their Buy rating on Meta Platforms, which currently sits at a price target of $350.
- UBS has decided to maintain their Buy rating on Meta Platforms, which currently sits at a price target of $280.
- Goldman Sachs has decided to maintain their Buy rating on Meta Platforms, which currently sits at a price target of $355.
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.
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