Someone with a lot of money to spend has taken a bullish stance on Meta Platforms (NASDAQ:FB).
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 FB, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 37 uncommon options trades for Meta Platforms.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.
Out of all of the special options we uncovered, 17 are puts, for a total amount of $1,314,205, and 20 are calls, for a total amount of $1,486,154.
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 $200.0 to $245.0 for Meta Platforms over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $200.0 to $245.0 in 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 | PUT | SWEEP | BEARISH | 02/18/22 | $210.00 | $277.5K | 12.2K | 4.1K |
| FB | CALL | SWEEP | BULLISH | 03/18/22 | $230.00 | $202.6K | 10.4K | 586 |
| FB | CALL | SWEEP | BEARISH | 05/20/22 | $230.00 | $176.4K | 5.0K | 215 |
| FB | CALL | SWEEP | BEARISH | 02/25/22 | $220.00 | $163.7K | 3.5K | 2.5K |
| FB | PUT | SWEEP | NEUTRAL | 02/18/22 | $212.50 | $162.6K | 4.8K | 1.4K |
Where Is Meta Platforms Standing Right Now?
- With a volume of 8,215,893, the price of FB is down -2.96% at $214.47.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 70 days.
What The Experts Say On Meta Platforms:
- Rosenblatt has decided to maintain their Buy rating on Meta Platforms, which currently sits at a price target of $300.
- Stifel downgraded its action to Buy with a price target of $400
- Goldman Sachs has decided to maintain their Buy rating on Meta Platforms, which currently sits at a price target of $355.
- DZ Bank downgraded its action to Sell with a price target of $225
- Credit Suisse has decided to maintain their Outperform rating on Meta Platforms, which currently sits at a price target of $336.
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
