FB long in to earnings

There's still a real concern on how people will treat this stock with anti-trust issues still looming but knowing the lockdowns have doubled the average daily users over at Twitter, I doubt investors will want to be sitting on the sidelines for a potentially huge print on 1/27 for our friends over at Facebook. Unlike Twitter, who has historically had trouble monetizing traffic, we know FB is the undisputed champion in this category. Taking a quick look at the charts, we see FB bouncing off $245 major support at the 200 day moving average. On the shorter intervals, we're looking at a broken micro downtrend and what appears to be a potential inverse head and shoulders pattern. We options traders can take advantage of increasing volatility in to the print by going long on the Jan 27th contracts to offset theta decay as well as add a little downside protection. For the pro's out there, take a look at long calendars for some quick doubles.