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DotcomJack
May 19, 2020 5:24 PM

FB Breakout | Weekly Option Play Long

NASDAQ:META15
Meta Platforms, Inc.NASDAQ

Description

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Good afternoon traders,
For the last few weeks we have had our eyes on FB. Although the breakout came quite early, we were able to catch it.

About 20 minutes ago I grabbed a few plays to play the continuation.

FB CALL $225 5/22 @ $120 per contract.

Currently sitting at $160 per contract.

Do not trade this, the play is already made but I plan to ride these out.

DotcomJack | $100 in 2 minutes

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Alright Facebook, let's see what you got...

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Easy Loot

FB with a nice gap up along with our BYND play from yesterday. Contracts should be up a few hundred %...

We may be in just the right position going into Thursday since we grabbed that $225 call expiring tomorrow.

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Contracts up 500% and cooking, pretty sweet overnight play

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Sold out of FB for 1000% gain in 2 days!


FB looks ready to breakout

Picked up some next week calls:
FB $245 Call 2/29 @ $190

Don't trade that

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Too easy

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Beautiful retest, super relaxed during this play with simple recognition like this.
Trend AnalysisChart PatternsfbcallfblongweeklycalleasylootStocksfacebookstockoptionsfreesignaloptionsignal
Comments
justind128
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Nice play! Do you see Facebook sharply rising today into a rally or a slight pullback in the stock today? If so, when do you think it might be another opportunity to enter calls? I'm bullish into Memorial Day for the market but a little worried since some indicators look like heading to overbought for Facebook (Mfl, RSI). @DotcomJack
DotcomJack
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@justind128, I see a slight pullback today, how far I don't know. I definitely think the time to buy calls is approaching as well. I played FB as well yesterday, we balled out on that trade. Keep your trades small at a time like this and keep up the good work brother.
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