Benzinga | Nov 30, 2021 04:11PM EST

Meta Platforms Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish 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 51 uncommon options trades for Meta Platforms.

This isn't normal.

The overall sentiment of these big-money traders is split between 39.22% bullish and 60.78%, bearish.

Out of all of the special options we uncovered, 12 are puts, for a total amount of $657,336.00, and 39 are calls, for a total amount of $2,451,125.00.

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 $280.0 to $700.0 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 $280.0 to $700.0 in the last 30 days.

Meta Platforms Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestFB CALL TRADE BEARISH 12/10/ $290.00 $475.0K 79 1 21FB CALL SWEEP NEUTRAL 03/18/ $335.00 $282.1K 1.2K 5 22FB PUT SWEEP BEARISH 12/17/ $340.00 $148.8K 16.5K 812 21FB CALL SWEEP BEARISH 12/03/ $342.50 $106.6K 2.6K 3.1K 21FB CALL SWEEP BULLISH 06/16/ $365.00 $105.3K 251 30 23

Where Is Meta Platforms Standing Right Now?

* With a volume of 6,380,515.00, the price of FB is up 1.37% at $337.69.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 58 days.

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.