Near strong support. One week from strong bounce

1 февр. 2021 г.

FB is selling off from the whole GME fiasco + Apple privacy war. Although there will be revenue damage from Apple's new privacy changes, FB is undervalued relative to the overall market especially with an outstanding earning. There's a strong support at $245 but it might now goes down that low. There're 2 good plays in my opinions:
Safe play: Wait for either one week so that the GME craze settle down or FB trade down to support at $245 THEN buy.
Neutral play : Selling put credit for this week $245/$240
Bullish play: Debit spread at least 2 weeks out.

1 февр. 2021 г.

Заметка

If we hold $260 by the end of the day. I'd add more debit spread on my position.