Core Insights - Whales have adopted a bullish stance on Meta Platforms, with 38% of investors opening trades with bullish expectations and 35% with bearish [1] - The total amount for put options is $636,709, while call options total $41,686,667, indicating a significant preference for calls [1] - Analysts have set an average price target of $862.33 for Meta Platforms, with individual targets ranging from $720 to $1,117 [10][11] Options Activity - A total of 125 trades were detected for Meta Platforms, with 12 puts and 113 calls [1] - The mean open interest for options trades is 3,850.04, with a total volume of 79,960.00 [3] - The big players are eyeing a price window from $5.0 to $1000.0 for Meta Platforms during the past quarter [2] Recent Performance - Trading volume stands at 5,555,223, with META's price at $658.56, reflecting a 0.21% increase [13] - The stock may be overbought according to RSI indicators [13] - Earnings announcement is expected in 42 days [13] Company Overview - Meta is the largest social media company globally, with nearly 4 billion monthly active users [8] - The core business includes Facebook, Instagram, Messenger, and WhatsApp, which are used for various purposes including social interaction and digital business [8] - Meta generates revenue by selling ads based on customer data collected from its applications [8]
Unpacking the Latest Options Trading Trends in Meta Platforms - Meta Platforms (NASDAQ:META)