馃敟馃摫 META PLATFORMS: DERIVATIVES TRADING PLAN 馃摫馃敟
I had warned you about the great performance that #Comunnication sector when the stock market had bottomed in November [watch: https://lnkd.in/ep4dDTT7 ]. Besides, I warned you about the best to come for Meta [watch: https://lnkd.in/euP5ErnF ]. Today, after 30% appreciation, a lot of the smart money was made (in the short term). From ± $97 USD (31/10/22) to ± $108 USD (2/02/23) is a return of 113%.
#Meta has the big resistance at ± $200 USD and maybe ± $235 USD. There is little room for increase from the price of 02/02/23 ($188.77 USD). Now, the next big support zone is at ± $155 USD. It is crucial that Meta does not lose that level to think about a maximum target at ± $220 USD (medium term). However, it is worth hoping for the best because the odds are in your favor [watch: https://lnkd.in/ezpdq6qF ]. In that sense, an example plan could be:
- Call (sell) at ± $235 USD
- Put (buy) at ± $170 USD
- Put (call) at ± $155 USD
The main idea is to take advantage of the trend, but thinking about an eventual reversal. Whatever, I think that the minimum was in November, and the worst (or great) scenario could be a double bottom in November 2022 prices.
The best analysis is yours!
#Meta has the big resistance at ± $200 USD and maybe ± $235 USD. There is little room for increase from the price of 02/02/23 ($188.77 USD). Now, the next big support zone is at ± $155 USD. It is crucial that Meta does not lose that level to think about a maximum target at ± $220 USD (medium term). However, it is worth hoping for the best because the odds are in your favor [watch: https://lnkd.in/ezpdq6qF ]. In that sense, an example plan could be:
- Call (sell) at ± $235 USD
- Put (buy) at ± $170 USD
- Put (call) at ± $155 USD
The main idea is to take advantage of the trend, but thinking about an eventual reversal. Whatever, I think that the minimum was in November, and the worst (or great) scenario could be a double bottom in November 2022 prices.
The best analysis is yours!
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