
Meta Platforms Inc. ($META) has seen a surge in trading activity, with its stock price surpassing $620. Analysts are observing bullish sentiment, as evidenced by the purchase of 2,500 call spreads for February with strike prices of $635 and $720 at a price of $20.17. Additionally, 2,000 puts with a strike price of $580 were sold at $16.78. This activity indicates a strategic adjustment in options trading, particularly around the January $620 and $630 calls. Despite some bearish sentiment expressed towards Meta and Tesla ($TSLA), the overall trend appears to favor dip buying for Meta shares.
Bearish $meta $tsla https://t.co/fGqpSnGase
$META dip buys looking good https://t.co/1JOmE1YB3X
$META flying to highs now over 620 and sees 2500 Feb $635/$720 call spreads buy at $20.17, also sells 2000 of the Feb $580 puts at $16.78, spreads adjusting the Jan $620/630 calls it seems