Meta Platforms Faces Volatility Ahead of Earnings Next Week, $2.9M Short-Dated Put Signals Urgency with Levels Around 442

Meta Platforms Inc. ($META) is experiencing significant fluctuations in its stock performance ahead of its upcoming earnings report. After a notable decline, where it fell sharply, analysts and traders are closely monitoring the stock's movement. Recent trading activity includes a $2.9 million short-dated put option executed above the ask price, indicating a sense of urgency among traders. There are also indications of a potential bounce back, with the stock showing resistance around the 442-454 price range. Market participants are particularly focused on the stock's ability to maintain levels above 442, with some predicting further declines if this threshold is breached. Additionally, there is notable interest in short-dated options, with a significant premium of $1.52 million for calls set for September 20, likely in anticipation of earnings-related volatility. Overall, the trading sentiment around $META remains cautious as investors prepare for the earnings announcement next week.