A big group of people with lots of money have bought options for a company called Meta Platforms, which owns Facebook, Instagram, and other social media platforms. They think the price of Meta's stock will go up or down in the next few months. When the price changes, they can make money from their options. This is important because these people usually know something that others don't, so it might be a good idea to pay attention to what they're doing. Read from source...
Meta Platforms's whales are making a bullish bet, and retail traders should know. The Benzinga Options scanner spotted 11 uncommon options trades for Meta Platforms. The major market movers are focusing on a price band between $490.0 and $510.0 for Meta Platforms, spanning the last three months.
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Article's Key Points:
1. Whales (investors with a lot of money) have taken a bullish stance on Meta Platforms (META).
2. Benzinga's options scanner spotted 11 uncommon options trades for Meta Platforms.
3. The overall sentiment of these big-money traders is split between 36% bullish and 36%, bearish.
4. The major market movers are focusing on a price band between $490.0 and $510.0 for Meta Platforms.
5. Meta Platforms is the world's largest online social network, with nearly 4 billion family of apps monthly active users.