Justiceisfalse
Long

Test 85 this week?

NASDAQ:FB   FACEBOOK INC
35 1 0
Bull case:
We are back above the 50 daily EMA at 80.30.
80.30 was tested Friday and again today.
Other side of 81.85 and a close with a 82 print should get us to test that D/L from the March and April highs.
There are other technical theories you can throw in here in addition to the over equity market that will keep on jamming.

Bear:
Lack of juice and it fails the pivotal 81.25-81.85 zone again.
If it has a shitty week and pins, it will most likely be at 80 where all the O/I for both puts and calls sit.

Strategy:
Long weekly 82 calls
Keeps failing that 81.15 to 81.25 level.
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