Options Trader Bets $40 Million That Meta (META) Share Price Will Almost Double

[ironchef]

It would have been wiser to put the cash directly into the stock, but I'm thinking it's some type of transaction that is offset by a counter short position in the stock. Remember Bed Bath & Beyond? someone buying 20 million worth of calls that were 50 points out of the money, well, that didn't end well...

1. Huge differences between BBBY and META. This one could end well.

2. It is a directional bet and I would just long the $320 calls to make it a pure directional bet.