$Meta Platforms, Inc.(META)$ is on fire, up 2.7% today and 5.3% over five days.
The Muse Wonder AI launch and that $930 target are driving the action. Big money is pouring into short-dated call sweeps, with 88% of today's roughly $23M options premium on InsiderFinance sitting in the 760 to 800 strikes.
Aggressive call buyers are pushing this momentum. Repeated sweeps on the 10/14 and 10/16 calls suggest they are betting on more upside.
IV is in the mid 40s to mid 50s, so expect some wild swings into expiry. Long-term, $Meta Platforms, Inc.(META)$ has seen over $119M in options premium over five sessions, with institutions loading up on Jan 27 calls.
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