Buying FB call contracts.
Meta Platforms (FB) has traded down to the level where it found support earlier this year.
FB is a great resource for small businesses to find customers. And in today’s economy the number of new small businesses has been rising rapidly.
The stock represents a health value given the company’s overall profitability. And with shares now positive on the day, the odds of a new rebound are relatively high.
Buying in-the-money call contracts gives us a chance to profit from any positive movement in the stock over the next 4 weeks. Meanwhile, these call contracts should retain some extra value even if the stock pulls back.
- Buy (to open) 3 FB May 20th $160 Calls
- Limit $32.00 or less
- The new position will represent roughly 9.1% of our Spec Model capital
- 15:30 Executed
- Bot 3 FB May 20th $160 Calls @ $31.25