Buying FB call contracts.
Meta Platforms (FB) has fallen nearly 50% from last year’s high. And while the company certainly has challenges to overcome, profits continue to grow and FB’s technology continues to advance.
Now that the stock is trading below $200, it represents a much more attractive valuation. And as the oversold tech market begins to bounce, FB could make back a material portion of its recent losses, generating huge profits for option traders.
Buying in-the-money call contracts today gives us a chance to profit if FB moves higher as the market rebounds. This approach also helps manage risk as these calls will retain some value even if shares continue to decline.
- Buy (to open) 6 FB April 14th $180 Calls
- Limit $21.00 or less
- The new position will represent roughly 8.2% of our Spec Model capital
- 09:55 Executed
- Bot 6 FB April 14th $180 Calls @ $20.72