Traders Buy High Volume of Meta Platforms Call Options (NASDAQ:META)

Traders demonstrated strong bullish activity in Meta Platforms, Inc. (NASDAQ: META), acquiring 919,714 call options in a single session. This surge represents a 50% increase compared to the company's average daily call option volume of 614,624 contracts, signaling heightened investor interest and expectations of near-term upside potential. The surge in options buying coincides with major legal and operational developments. Meta recently reached an agreement to settle claims from dozens of U.S. states regarding youth social media usage for $16.7 billion to $18 billion. Market participants viewed the resolution favorably as the settlement figure was substantially lower than earlier feared worst-case estimates of $200 billion or more, while keeping core advertising systems largely intact. Although the agreement mandates teen usage restrictions and daily time limits, it eliminates substantial legal uncertainty. Meta continues to see positive sentiment driven by its digital advertising momentum and AI infrastructure expansion. Analysts maintain a Moderate Buy consensus on META with an average price target of $785.22, despite quarterly earnings missing estimates at $6.18 EPS.