Meta Platforms Sees $5.15M Bullish Options Bet as Stock Climbs 2.24% Today

By TrendSpider Editor

A massive $5,152,500 call contract targeting Meta Platforms at an $800 strike price caught the attention of options traders today, signaling that at least one large player is betting on significant upside well into 2028. META shares are trading at $562.56 on Monday, June 29, 2026, up 2.24% on the se

Meta Platforms Sees $5.15M Bullish Options Bet as Stock Climbs 2.24% Today

A massive $5,152,500 call contract targeting Meta Platforms at an $800 strike price caught the attention of options traders today, signaling that at least one large player is betting on significant upside well into 2028. META shares are trading at $562.56 on Monday, June 29, 2026, up 2.24% on the session, while sitting closer to the lower half of its 52-week range of $520.26 to $796.25. The combination of today's price strength and the heavyweight options activity adds a layer of intrigue to an already closely watched name.

Key Drivers of the META Stock Move

• Main Catalyst: Two unusual options contracts were flagged today totaling $5,212,524 in premium. The headliner is a 900-contract call position at the $800 strike expiring January 21, 2028, carrying $5,152,500 in premium with open interest usage at just 36%. A second, smaller put contract at the $565 strike expiring today (June 29, 2026) with 492 contracts and $60,024 in premium is in the money.
• Bull Case: The $800 call represents a long-dated, high-conviction bet that META can recover and push significantly beyond its 52-week high of $796.25 by January 2028. At 900 contracts with $5,152,500 in premium deployed, this is not a casual trade. It implies a buyer expecting META to rally more than 42% from current levels.
• Bear Case: META is currently trading at $562.56, which is still well below its 52-week high of $796.25 and only modestly above its 52-week low of $520.26. The in-the-money put at the $565 strike expiring today, with an open interest ratio of 390%, suggests elevated existing positioning on the downside at a level just above the current price, indicating short-term traders have been bracing for weakness near this zone.

Today's session has META bouncing 2.24%, but the broader setup remains a recovery story. The stock is still trading roughly 29% below its 52-week high, meaning the $800 call buyer needs META to essentially reclaim peak levels and then push further before January 2028. The long-dated nature of the call gives the position time to work through multiple earnings cycles and potential catalysts including AI infrastructure developments, advertising market shifts, and regulatory headlines that have periodically moved this stock. The put contract expiring today at $565 suggests end-of-month positioning at a strike just above the current price, which may reflect hedging activity rather than outright bearish conviction given its same-day expiration.

META Unusual Options Activity

• Contract 1: PUT, $565 strike, expiring June 29, 2026 | Volume: 492 | Open Interest: 390% | In the Money | Premium: $60,024
• Contract 2: CALL, $800 strike, expiring January 21, 2028 | Volume: 900 | Open Interest: 36% | Out of the Money | Premium: $5,152,500

META Seasonality

Late June historically marks the tail end of Q2, a period that can set the tone for mid-year institutional repositioning ahead of earnings season. For a name like META, which reports Q2 results typically in late July, options activity in the final days of June often reflects early positioning around expected earnings catalysts.

META Relative Performance

META's 2.24% gain today places it as an outperformer on the session relative to broader market context, though the stock's position within its 52-week range tells a more cautious story. Trading at $562.56 against a high of $796.25, META remains roughly 29% off its peak, suggesting the mega-cap tech peer group has had a more uneven recovery in 2026 compared to prior years when names like this tended to lead broad market rallies.