Meta’s Options Signal Big Bullish Sentiment at $590–$610, But Short-Term Volatility Looms

• Current price: 570.78 (down 1.46%)
• Options market shows 0.51 put/call ratio, favoring calls
• Block trades highlight aggressive bullish positioning
• RSI near oversold at 36.5 and key support/resistance levels near 650–750

There’s no mistaking it: traders are leaning in with call options as Meta’s price dips near the 560–570 range. While the stock is down nearly 1.5% today, the options chain tells a different story. Heavy call open interest at $590 to $610 suggests many expect a bounce—fast. That’s where the opportunity starts.

Call Buyers Dominate as Bulls Line Up at 590–610

The call/put open interest ratio is sitting at 0.51—meaning calls are about double the size of puts. That’s not just a number; it’s a signal. On Friday, the top OTM calls with the most open interest are at $610, $600, and $590. These strikes line up with the middle of Meta’s Bollinger Band at 606.63 and just below its 30-day support/resistance zone at 653.53. That’s not a coincidence. Traders are positioning for a quick rebound, betting the dip will reverse before the week ends.

Meanwhile, the MACD is still negative and crossing below the signal line, and RSI is near 36—getting close to oversold territory. The short-term bounce is likely, but the long-term trend remains bearish. So, we’re in a classic “buy the dip” scenario with a time-sensitive edge.

Block trading activity adds fuel. A massive $2.9 million buy of 1,000 calls at strike $600 (code META20260618C600) shows someone’s placing a bet for a June move. That’s not just noise—it’s strategic positioning. Combine that with the next-Friday call volume at $597.5 and $650, and it looks like the bulls are stacking the deck for a rally.

Big News Supports the Bull Case—But Caution is Warranted

The recent news isn’t all good, but it’s not all bad either. Meta just reported record earnings and announced a $2.5 billion AI acquisition, which is a big win for innovation and growth. The AI push aligns with the company’s long-term vision—and the options market is clearly pricing in that narrative.

The new CFO appointment and $5 billion buyback are also positive. These moves are usually good for short-term share price stability and investor confidence. But the regulatory fines in Europe and antitrust concerns can’t be ignored. The market is still sorting out whether Meta’s AI and ad growth can outweigh these risks. That uncertainty is why the stock is volatile and why the put options at $550 and $530 are seeing decent interest.

Trade Ideas: Calls at 590–610 for Quick Wins, Short-Term Puts for Protection

If you’re looking to play the bullish setup, the most actionable calls are the $610 (OI: 4025) and $600 (OI: 3843) with Friday as the expiration. These are the top of the heap in terms of open interest and liquidity. A bounce back to 600 would make these options tick up in value. For a longer play, consider the $597.5 (OI: 3929) or $650 (OI: 2584) expiring next Friday. These give you a bit more runway if the bounce is delayed.

For risk management, the put at $560 (OI: 2372) for next Friday is a solid hedge. It’s right at the current price and offers protection if the short-term bullish move fizzles out. Meta isn’t in a death spiral, but the 200-day MA at 685.69 is still a long way up.

Volatility on the Horizon—Watch for Investor Day and Earnings

Meta’s investor day on April 15th is a key event. That’s when the company will lay out its next steps in AI, advertising, and global expansion. Strong guidance could push the stock back above 600. A weak report, however, could push it lower, especially if regulatory concerns flare again.

In the short term, the stock is sitting near key support levels (559–560), but the RSI suggests a bounce is likely. If it holds above 560, it could test the 580–590 range. That’s a reasonable target for a short-term move. But if it breaks below 560, the lower Bollinger band at 527.37 becomes the next level of concern.

Bottom line: The options market is clearly bullish, and the fundamentals are pointing toward growth—but the technicals are mixed. Play it smart: take the call setups at $590–$610, protect with a short-term put at $560, and watch the calendar for investor day. This is a high-probability setup with a clear exit plan.