Unusual trade
Just before earnings, our research team identifies an unusual trade in the options market: a whale bets almost $3 million on $META stock!
Our radar picked up a mysterious options trade.
The channel's team identified an unknown whale buying call options on Meta stock for $2.8 million with a strike price of $560 per share.
Meaning, he is betting that the stock price will rise above $560 per share.
The stock price at this moment is about $539 per share.
And he is doing this three hours before the company's quarterly results report after the close tonight...?
And that's not all.
The type of trade (OTM) indicates that this whale requested to close the trade with great urgency.
So what do we have here
A whale betting $2.8 million that Meta stock will rise.
He is doing this just hours before the results report.
He is requesting to close the trade urgently.
Does this whale know something we don't?
Or is he just addicted to gambling?
We will know in less than an hour.
$META stock, we are monitoring.