Benzinga | Dec 13, 2021 09:45AM EST

Meta Platforms Whale Trades For December 13

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.

Today, Benzinga's options scanner spotted 10 options trades for Meta Platforms.

This isn't normal.

The overall sentiment of these big-money traders is split between 60.0% bullish and 40.0%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $26,340.00, and 9, calls, for a total amount of $326,174.00..

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 $330.0 to $375.0 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 $330.0 to $375.0 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 SWEEP BULLISH 12/17/ $330.00 $56.0K 36.4K 870 21FB CALL SWEEP BULLISH 12/17/ $335.00 $45.5K 16.1K 3.4K 21FB CALL SWEEP BULLISH 12/17/ $337.50 $42.1K 1.9K 1.5K 21FB CALL SWEEP BULLISH 12/17/ $337.50 $35.8K 1.9K 1.0K 21FB CALL SWEEP NEUTRAL 12/17/ $337.50 $34.0K 1.9K 2.2K 21

Where Is Meta Platforms Standing Right Now?

* With a volume of 96,023.00, the price of FB is down 0.0% at $329.75.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 44 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.