Trade Ideas
UOA PRO Update META 7-17
7,000 31July 725 calls bought for 10.42-10.53 above open interest of 449 contracts; 7,000 31July 775 calls sold for 4.57-4.46 above open interest of 379 contracts. Stock 644.96.
Status Update
Ticker: META
Stock: 648.99
Expiration Date: 31JUL
New UOA: 7,000 31July 725 calls bought for 10.42-10.53 above open interest of 449 contracts; 7,000 31July 775 calls sold for 4.57-4.46 above open interest of 379 contracts. Stock 644.96.
UOA PRO New Trade Idea META 7-15
Ticker: META
Type: Bullish Call Buying
Stock: 671.48
New Trade Idea
Ticker: META
Stock: 671.48
Trigger: 684.10
Expiration Date: 17JUL
UOA: 2,928 21August 685 calls bought in one print for 39.00 above open interest of 839 contracts. Stock 669.08.
META $676.24 Last.
MTF.
Began typing and the stock ran up $10.00, each keystroke seemed to bring another uptick. Small soon to be front month now ATM call buy. As we discussed in the past weekend video, the Gang, if they’re going to allow SMH to slide, needs to move the MAGS up to offset the negative impact of SMH. That seems to be underway. META is registering a new multi-month high today as EPS looms not too far in the future. It seems that the more that is learned about this company’s dealings, the more slimely they appear but the market tends to like slimey.
Trigger: $684.10.
Strategy 1: Consider the META 17July 685.00-720.00 call spread for $9.50 projected at trigger level today. Uncappable.
Targets: 688.55, 695.21, 701.41, 705.30, 710.56, 713.57, 717.59