Meta was not able to hold above the previous highs (higher time frame). The buyers ran out of fuel and it seems like sellers are taking over at least for now. Taking a short position to $275 area.
For me, its an OTM options on this trade, to keep my risk exposure as minimum as possible, while trying to gain the max profits from this opportunity. Beginning of December expiry to allow the price to mature, in case we get stuck in a chop.
For me, its an OTM options on this trade, to keep my risk exposure as minimum as possible, while trying to gain the max profits from this opportunity. Beginning of December expiry to allow the price to mature, in case we get stuck in a chop.