Techincals: RSI indicates FB overbought
Fundamentals: 3 days ago Trump Xi met and decided to cease fire on the 25% tariff for 90 days till March. This good news has basically nothing to do with FB because FB is not taxable. Moreover, recently FB tends not follow the SP500.
Pattern: its just a simple downward pattern. I would risk $100-$200 and buy a short option and watch it drop. But this after some pullback this might FB's time to reverse the trend so I wouldn't hold the option for long.
I will short option now. sell when it drops to 135, sell when it rise above 143.
Fundamentals: 3 days ago Trump Xi met and decided to cease fire on the 25% tariff for 90 days till March. This good news has basically nothing to do with FB because FB is not taxable. Moreover, recently FB tends not follow the SP500.
Pattern: its just a simple downward pattern. I would risk $100-$200 and buy a short option and watch it drop. But this after some pullback this might FB's time to reverse the trend so I wouldn't hold the option for long.
I will short option now. sell when it drops to 135, sell when it rise above 143.
Comment:
gosh all these grammatical errors sorry. Tariff...