Meta Shares Climb 8%, Boosting 0DTE Call Options' Appeal After Launching New AI Model: Options Chatter

$Meta Platforms (META.US)$ shares climbed more than 8%, boosting the appeal of its zero-day-to-expiration (0DTE) call options after the company launched its latest artificial intelligence model, giving investors a look at the progress of its initiatives that have driven company's huge spending on AI infrastructure buildout.

Shares jumped to $622.37 at 1:20 p.m. in New York, pushing the three of the four most active call options in the money and delivering a windfall to buyers who purchased them yesterday. More than 26,550 call option with the $630 strike price changed hands so far, over 16X the open interest.

(To see Meta's options chain, click here. For the options market page, click here.)

The price of those $630 call options jumped 14,487% to $2.93, from just 2 cents yesterday, as the stock climbed near that strike price just hours before the contract expires. The rally came after the company released results that showed its Muse Spark outperforming $Alphabet-A (GOOGL.US)$'s Gemini 3.1 Pro, OpenAI's GPT 5.4 and Grok 4.2 in some metrics.

Still, Meta acknowledged that Muse Spark, its latest AI model, lagged behind Gemini and GPT in some tests including the ERQA embodied reasoning test, and the GPQA Diamond PhD level reasoning, and LIveCodeBench Pro competitive coding.

"Muse Spark is the first step toward a personal superintelligence that understands your world," Meta said in a blog post on its website. "From analyzing your immediate environment to supporting your wellness, the advanced reasoning capabilities of Muse Spark enable powerful, highly personal use cases."

Meta also attracted smart money both in options and the underlying stock amid Wednesday's rally. An active buyer paid a premium of more than $7 million for call options that give their holder the right to buy Meta shares at $620 in 71 days.

While the strike price on that contract is still below the current stock price, Meta shares will need to climb above the break-even level of $668.15 by June 18 for a similar trade to be profitable for the buyer. At current prices and volatility, that trade has a profit probability of 32.47% for the buyer. The maximum profit potential could be unlimited. But if the stock price fails to advance above the breakeven level and the contract expires worthless, the maximum loss potential is $4,815 per contract.

So far, iflows into Meta outpaced outflows by $455.6 million as orders come in small and medium sizes, mostly from retail investors, and large orders, usually from institutional investors and large speculators, exchange data tracked by moomoo showed.

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