Meta Platforms's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Meta Platforms (NASDAQ:META) has seen a surge in options activity, with significant investments in call options suggesting bullish sentiment among investors. The options activity indicates a potential price range of $300 to $535. META's stock is currently trading at $523.22, up 1.25%, with RSI readings suggesting it may be approaching overbought territory.
August 29, 2024 | 2:01 pm
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Meta Platforms has experienced a significant increase in options activity, with a majority of trades being call options, indicating a bullish sentiment. The stock is currently trading at $523.22, up 1.25%, and may be approaching overbought territory.
The large volume of call options suggests that investors are expecting the stock price to rise. The current trading price and RSI readings indicate potential overbought conditions, but the overall sentiment remains bullish.
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