Notable Monday Option Activity: NFLX, META, TSLA

Options activity for Meta Platforms Inc (META) and Tesla Inc (TSLA) are showing significantly high volumes today, with META's volume reaching 125.2% of its average daily trading volume and TSLA's reaching 115.6%. Notably, the $720 strike call option for META expiring June 13, 2025, and the $300 strike call option for TSLA with the same expiration date, experienced particularly high trading volumes, indicating substantial investor interest in these specific contracts.

Analysis

Meta Platforms Inc. (META) and Tesla Inc. (TSLA) are experiencing notable options market activity, with total options volume significantly exceeding their recent daily averages. META's options volume reached 156,832 contracts, representing approximately 15.7 million underlying shares and 125.2% of its average daily stock trading volume of 12.5 million shares. A specific focus was observed on the $720 strike call option expiring June 13, 2025, which traded 10,273 contracts. Similarly, TSLA's options volume hit 1.4 million contracts, equivalent to about 137.4 million underlying shares or 115.6% of its 118.9 million share average daily volume. For TSLA, the $300 strike call option, also expiring June 13, 2025, saw particularly high volume with 58,847 contracts traded. This heightened activity in specific long-dated call options suggests concentrated investor interest and potential strategic positioning for these particular strike prices and expiration dates for both companies.

Key Decisions for Investors

• Investors should monitor the trading patterns and open interest for META's $720 call options and TSLA's $300 call options expiring June 13, 2025, as the elevated volume may indicate significant expectations or hedging related to these specific price levels.
• The substantial activity in these long-dated call options could suggest bullish outlooks from some market participants targeting considerable upside by mid-2025, or it may represent strategic hedging against other positions.