Unusual Options Activity: $17M Bet on META $740 Puts Expiring Oct 16
15,536 contracts traded vs. 12,184 open interest, about $17.2M in premium.
Traders bought or sold 15,536 META $740 put contracts expiring Oct 16, about $17.2M in premium, against just 12,184 contracts of existing open interest (1.3× volume to open interest). That makes it one of the largest unusual options trades in the market in the latest session.
The strike is out of the money with META at $742.96 (+3.4% on the day). Volume above open interest means new positions are being opened, which is why options traders watch these prints closely. Puts gain if the stock falls below the strike before expiration, though big prints can also be hedges.
Other unusual META contracts
| Contract | Volume | Open int. | Premium |
|---|---|---|---|
| $740 Put · Oct 16 | 15,536 | 12,184 | $17.2M |
| $730 Put · Oct 16 | 15,295 | 11,458 | $10.7M |
| $800 Put · Mar 19, 2027 | 906 | 725 | $9.4M |
| $745 Put · Oct 16 | 5,617 | 4,122 | $7.6M |
| $750 Call · Oct 14 | 10,393 | 1,180 | $7.1M |
| $745 Put · Oct 23 | 3,039 | 1,648 | $6.0M |
Source: Nasdaq option chains (end-of-day volume and open interest), scanned by GTA Options Flow across the 160 most active U.S. stocks.
Written by the GTA Research Desk from GTA Terminal data. Not investment advice.
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