Benzinga | Dec 31, 2021 12:51PM EST

Meta Platforms Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bullish stance on Meta Platforms.

Looking at options history for Meta Platforms (NASDAQ:FB) we detected 31 strange trades.

If we consider the specifics of each trade, it is accurate to state that 51% of the investors opened trades with bullish expectations and 48% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $481,138 and 19, calls, for a total amount of $1,188,259.

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 $360.0 for Meta Platforms over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Meta Platforms options trades today is 1699.4 with a total volume of 17,925.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Meta Platforms's big money trades within a strike price range of $280.0 to $360.0 over 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 BULLISH 12/31/ $320.00 $437.0K 2.1K 202 21FB CALL SWEEP BULLISH 01/21/ $340.00 $94.5K 13.2K 96 22FB CALL TRADE NEUTRAL 01/07/ $335.00 $88.6K 1.9K 788 22FB CALL SWEEP BULLISH 09/16/ $345.00 $75.2K 730 21 22FB PUT TRADE BEARISH 01/07/ $345.00 $73.5K 1.7K 1.2K 22

Where Is Meta Platforms Standing Right Now?

* With a volume of 4,451,217, the price of FB is down -0.88% at $341.33.

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

* Next earnings are expected to be released in 26 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.