META Stock Sees Massive $5.15M Bullish Call Bet Targeting $800 by January 2028
By TrendSpider Editor
Meta Platforms is drawing significant attention in the options market today, with a standout bullish call contract worth $5,152,500 in premium targeting an $800 strike price by January 2028, representing a potential gain of more than 42% from current levels. META shares are trading at $562.56, up 2.
META Stock Sees Massive $5.15M Bullish Call Bet Targeting $800 by January 2028
Meta Platforms is drawing significant attention in the options market today, with a standout bullish call contract worth $5,152,500 in premium targeting an $800 strike price by January 2028, representing a potential gain of more than 42% from current levels. META shares are trading at $562.56, up 2.24% on the session, and sit closer to the lower end of their 52-week range of $520.26 to $796.25. The combination of a strong intraday move and a sizable long-dated call bet suggests at least one major player is positioning for a sustained recovery and breakout toward prior highs.
Key Drivers of the META Stock Move
- Main Catalyst: Two unusual options contracts totaling $5,212,524 in combined premium were flagged today. The dominant trade is a bullish CALL at the $800 strike expiring January 21, 2028, with a size of 900 contracts and an open interest ratio of just 36%, suggesting this is largely new positioning. A secondary PUT at the $565 strike expiring today (June 29, 2026) with a size of 492 contracts and a 390% open interest ratio also printed, indicating elevated activity relative to existing open interest on that near-term contract.
- Bull Case: The $5,152,500 call premium represents the overwhelming majority of today's unusual options spend and targets $800, a price META already reached within its current 52-week range (high of $796.25). A buyer of this contract is effectively wagering that META returns to and surpasses those highs with roughly 18 months of runway to do so. The 2.24% intraday gain adds near-term momentum to that thesis.
- Bear Case: The ITM put at the $565 strike expiring today, with a 390% open interest ratio, suggests some traders were actively hedging or positioning for downside into the session close. With META currently trading at $562.56, that put is in the money, meaning the near-term bearish contract had real value at the time of the print. The stock remains well off its 52-week high of $796.25, down roughly 29% from that peak.
The forward setup for META appears constructive for longer-term bulls if today's large call purchase reflects informed conviction rather than a speculative lottery bet. The $800 January 2028 target aligns neatly with the stock's prior 52-week high, making it a technically meaningful level to watch. The 18-month expiration gives the position ample time to play through multiple earnings cycles and product catalysts. Near-term, however, the stock faces real resistance between current levels and those highs, and the presence of an in-the-money put on today's expiration is a reminder that short-term sentiment is not uniformly bullish.
META Unusual Options Activity
Two contracts were flagged as unusual today, accounting for $5,212,524 in total premium:
- PUT: Strike $565 | Expiry: June 29, 2026 | Size: 492 contracts | Open Interest Ratio: 390% | Status: In the Money | Premium: $60,024
- CALL: Strike $800 | Expiry: January 21, 2028 | Size: 900 contracts | Open Interest Ratio: 36% | Status: Out of the Money | Premium: $5,152,500
The call contract dominates at 98.8% of total premium spent, and its low open interest ratio of 36% signals that the 900-contract block represents a fresh, aggressive position rather than a close or roll of an existing trade. The put, while smaller in dollar terms, carries a 390% open interest ratio, pointing to activity well above the norm for that contract heading into expiration.
META Seasonality
Late June historically marks the end of a quarter, a period when institutional investors often reposition or add hedges ahead of earnings season. The appearance of a same-day expiration put alongside a long-dated speculative call is consistent with end-of-quarter options activity, where short-term hedges expire while longer-horizon bets are initiated.
META Relative Performance
META's 2.24% gain today places it in positive territory on the session, though the stock at $562.56 remains a significant distance from its 52-week high of $796.25. The 52-week low of $520.26 sits just about 7.5% below current prices, meaning META is trading in the lower third of its annual range despite today's move higher. Investors watching peer performance across large-cap technology will note that META's distance from its highs leaves meaningful room for recovery relative to names that have already pushed back toward their upper ranges.
More on META
- Meta Platforms Surges 5.80% to $668.10, Reclaiming Ground Within Its 52-Week Range
- Meta Platforms Surges 5.04% as Shares Climb Back Toward 52-Week Highs
- Wells Fargo Stands Firm on META With $767 Target as Shares Sink 5%
- Meta Platforms Slides 5% as Shares Fall Toward Lower End of 52-Week Range
- Meta Platforms Surges 10.42% in a Single Session, Breaking Out Toward 52-Week High
Latest Market News
- JP Morgan Chase Crushes Q2 2026 Estimates With $6.14 EPS, Shares Near 52-Week High
- Strategy Inc Surges Nearly 6% as MSTR Bounces Off Multi-Month Lows
- Boeing Stock Draws $1.95M Bearish Bet as Put Activity Hits 1000% Open Interest
- Palo Alto Networks Surges 6.80% as PANW Stock Nears 52-Week High at $352.76
- ARM Holdings Drops 5% as Shares Fall Deep Into 52-Week Range Midpoint
- JPM Stock Climbs 1.31% to $338.85, Closing in on Its 52-Week High of $343.45