Benzinga | Jan 11, 2022 10:26AM EST

What Are Whales Doing With Meta Platforms

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

Looking at options history for Meta Platforms (NASDAQ:FB) we detected 15 strange trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $348,165 and 10, calls, for a total amount of $565,025.

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 $205.0 to $475.0 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 $205.0 to $475.0 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 BEARISH 01/14/ $327.50 $195.8K 1.3K 826 22FB PUT TRADE BEARISH 06/17/ $300.00 $173.0K 7.7K 100 22FB PUT SWEEP BULLISH 06/17/ $310.00 $62.4K 3.9K 30 22FB CALL TRADE BEARISH 01/21/ $330.00 $60.0K 34.7K 3.1K 22FB CALL TRADE BEARISH 01/14/ $332.50 $54.6K 1.0K 2.2K 22

Where Is Meta Platforms Standing Right Now?

* With a volume of 1,534,164, the price of FB is down -0.14% at $327.6.

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

* Next earnings are expected to be released in 22 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.