A whale with a lot of money to spend has taken a noticeably bearish stance on Meta Platforms.
Looking at options history for Meta Platforms (NASDAQ:FB) we detected 64 strange trades.
If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 56% with bearish.
From the overall spotted trades, 40 are puts, for a total amount of $1,898,644 and 24, calls, for a total amount of $1,903,889.
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 $270.0 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 $125.0 to $270.0 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 | BULLISH | 04/29/22 | $185.00 | $158.1K | 3.7K | 2.2K |
| FB | PUT | SWEEP | BEARISH | 04/29/22 | $190.00 | $97.7K | 5.9K | 7.1K |
| FB | PUT | SWEEP | BEARISH | 04/29/22 | $200.00 | $89.0K | 3.6K | 3.3K |
| FB | PUT | SWEEP | BULLISH | 05/20/22 | $215.00 | $87.6K | 5.6K | 90 |
| FB | PUT | TRADE | BEARISH | 06/16/23 | $270.00 | $83.8K | 2.5K | 10 |
Where Is Meta Platforms Standing Right Now?
- With a volume of 14,688,888, the price of FB is down -3.02% at $194.36.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 6 days.
What The Experts Say On Meta Platforms:
- UBS has decided to maintain their Buy rating on Meta Platforms, which currently sits at a price target of $300.
- Citigroup upgraded its action to Buy with a price target of $300
- RBC Capital has decided to maintain their Outperform rating on Meta Platforms, which currently sits at a price target of $240.
- Credit Suisse has decided to maintain their Outperform rating on Meta Platforms, which currently sits at a price target of $272.
- Rosenblatt downgraded its action to Neutral with a price target of $228
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.
