An unknown trader put $40 million on the growth of Meta* shares

An unknown options trader put $40 million on a further increase in the price of Meta* shares, writes Business Insider.

He placed a bet of more than 26,000 call options to buy Meta shares at a price of $320 apiece until January 17, 2025. Today, Meta shares are trading at about $310 apiece.

These deals are insured against 52,000 calls of $600, which expire in December 2025.