Whales with a lot of money are showing a bearish outlook on Meta Platforms. The options history for Meta Platforms shows that there have been 184 trades. Out of these trades, 34% of investors opened trades with bullish expectations, while 44% had bearish expectations.
When looking at the specific trades, there were 40 puts totaling $3,935,378 and 144 calls totaling $10,902,351. Based on the trading activity, it seems that significant investors are aiming for a price range between $5.0 and $950.0 for Meta Platforms over the past three months.
In terms of liquidity and interest, the mean open interest for Meta Platforms options trades today is 1968.69 with a total volume of 141,538.00. The chart shows the volume and open interest of call and put options for Meta Platforms within a strike price range of $5.0 to $950.0 over the last 30 days.
Meta Platforms, being the largest social media company globally, has close to 4 billion monthly active users. The firm’s core business includes Facebook, Instagram, Messenger, and WhatsApp. While Meta has been focusing on its Reality Labs business, it remains a small part of the company’s overall sales.
Currently, Meta Platforms has a trading volume of 7,594,033, with the price of META up by 1.36% at $592.74. The stock may be overbought according to current RSI values, and the next earnings report is scheduled for 22 days from now.
Five market experts have issued ratings for Meta Platforms, with a consensus target price of $646.0. Analysts from various firms have different ratings and price targets for the stock, ranging from Buy to Overweight.
Trading options involves risks but also offers the potential for higher profits. Traders can manage these risks through education, strategic trade adjustments, and staying informed about market dynamics. Stay updated on the latest options trades for Meta Platforms with Benzinga Pro for real-time alerts.
