Meta Platforms Unusual Options Activity For June 20
Portfolio Pulse from Benzinga Insights
A large bearish position on Meta Platforms (NASDAQ:META) has been spotted, with 29 uncommon options trades identified. The overall sentiment is split between 41% bullish and 58% bearish. Whales have been targeting a price range of $175 to $420 for Meta Platforms over the last 3 months.
June 20, 2023 | 2:47 pm
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A large bearish position has been identified in Meta Platforms, with 29 uncommon options trades and a sentiment split of 41% bullish and 58% bearish. Whales have targeted a price range of $175 to $420 over the last 3 months.
The large bearish position identified in Meta Platforms indicates that a significant investor or institution may have information that could negatively impact the stock price in the short term. The overall sentiment being more bearish than bullish also supports this view. However, it is important to note that options trading carries inherent risks and the sentiment could change.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100