Meta (META) Options Show 700-Call Dominance: Bullish AI Play with 660–680 Range Targets

• Meta’s options market is skewed bullish, with 700-call open interest surging to 17,493 contracts this Friday.
• Block trades hint at big money hedging AI risks, including a $2.37M bet on the META20260116C770 call.
• Trump’s AI order and delayed model launches create a mixed narrative—price action will decide the winner.

Here’s the thing: Meta’s stock isn’t just trading—it’s telling a story. Right now, that story is about a tug-of-war between AI optimism and internal chaos. The options market leans bullish, but the technicals and news flow add layers of nuance. Let’s break it down.

What the Options Chain Reveals About Market Sentiment

The call/put imbalance is striking. This Friday’s 700-call (OI: 17,493) and 670-call (OI: 14,356) dominate the board, while puts like the 600-strike (OI: 12,702) trail behind. That’s not just noise—it’s a signal. Traders are pricing in a 6.5% upside move (from current price of $668.21) as the key battleground.

But don’t ignore the block trades. The $2.37M bet on META20260116C770 (770-call expiring Jan 16, 2026) suggests big players are hedging long-term AI risks. Meanwhile, the recent sell calls (like META20251121C780) hint at profit-taking after the stock’s recent rebound.

News Flow: AI Wins vs. Leadership Woes

President Trump’s AI order is a tailwind for Meta. Analysts love the reduced regulatory burden, and the stock’s resilience during the tech selloff (up 2% vs. XLK’s -4.3%) shows it’s working. But here’s the catch: Alexandr Wang’s frustration with Zuck’s micromanagement and the delayed Avocado model launch add friction.

Investors are betting on the AI narrative, but the reality is messy. The $70B capex and closed-source pivot for Avocado could backfire if developers revolt. For now, the market is giving Meta the benefit of the doubt—but that could flip fast if execution falters.

Actionable Trade Ideas for TodayOptions Play: Buy the META20251226C700 call (next Friday’s 700-strike). Why? The 670- and 700-calls have massive open interest, creating a self-fulfilling prophecy. If the stock breaks above $670 (intraday high is 669.2), this call could run. Target: 700-strike breakeven (~$700) by expiration.Stock Play: Buy META near $660 if support holds. The 30D support band (646.45–648.14) is a deeper level, but the 660-intraday low is a better entry. Exit at $680 (Bollinger Upper Band at 687.47 is too far) if the AI narrative gains steam.Bearish Hedge: Sell the META20251226P630 put (OI: 5,603). If the stock gaps down below $659.62 (today’s low), this put could catch a bounce. But don’t go all-in—Meta’s RSI (56.6) isn’t screaming oversold yet.Volatility on the Horizon

The next 48 hours will test Meta’s resolve. A close above 670 could validate the bullish case, while a breakdown below 650 would reignite bearish fears. Either way, the options market is pricing in a 660–680 range battle.

This isn’t a binary call—it’s a chess game. The AI story is strong, but execution matters. Keep an eye on the 700-call’s liquidity and the Avocado launch timeline. If Meta can deliver, the 800-calls (OI: 13,614) might not look so far-fetched by January.