Meta and Tesla See Heavy Call Buying Ahead of Earnings as SpaceX Rally Lifts Tech Sentiment

Meta Platforms ($META) and Tesla ($TSLA) recorded substantial bullish options positioning ahead of their after-market earnings releases today, riding positive momentum following SpaceX's recent blowout results.
Meta shares traded up 1.34% during the session as institutional order flow heavily favored the upside, with nearly $22 million in net bullish call premiums traded against $7.5 million in bearish bets. Options market pricing reflects an implied move of approximately 6.5% in either direction following the earnings print, with sentiment supported by digital advertising resilience and continuing monetization across its open-source AI infrastructure.
Tesla shares rose 3.15% as derivatives volume concentrated heavily on call strikes, logging over $200 million in call-buying premiums versus $84 million in puts. Derivatives desks are pricing an implied post-earnings move of roughly 5.5%. Despite Tesla facing elevated volatility expectations surrounding auto gross margins and vehicle delivery timelines, skewed institutional call volume across both mega-cap names underscores aggressive risk-on positioning ahead of the close.