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
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• 15:30 Executed
• Bot 3 FB May 20th $160 Calls @ $31.25