Benzinga | Dec 28, 2021 12:33PM EST

Looking At Meta Platforms's Recent Whale Trades

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.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 103 uncommon options trades for Meta Platforms.

This isn't normal.

The overall sentiment of these big-money traders is split between 51% bullish and 48%, bearish.

Out of all of the special options we uncovered, 12 are puts, for a total amount of $550,518, and 91 are calls, for a total amount of $6,238,372.

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 $270.0 to $420.0 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 5603.04 with a total volume of 562,924.00.

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 $270.0 to $420.0 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 SWEEP BULLISH 01/20/ $400.00 $156.0K 9.7K 157 23FB CALL SWEEP BULLISH 06/17/ $380.00 $134.4K 5.9K 266 22FB CALL SWEEP BULLISH 12/31/ $347.50 $110.7K 3.2K 5.8K 21FB CALL TRADE BEARISH 01/20/ $270.00 $98.8K 849 22 23FB PUT SWEEP BEARISH 06/16/ $335.00 $82.7K 254 28 23

Where Is Meta Platforms Standing Right Now?

* With a volume of 9,344,714, the price of FB is up 0.59% at $348.23.

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

* Next earnings are expected to be released in 29 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.