FB back to 230? or Ripping to 260
Up first we got FB. FB calls from 250 were in the money today. If you were able to join me in the 350c 7/17 you should,ve made at least a 250 return. Although we were ITM, FB found resistance at 249. As of right now that is the 4th time FB tried breaking out. Volume is slowing down so we could see some pullback into this week unless some news breaks. Be aware though that FB sold off at close due to the covid news much like everything else. Furthest I see a drop is 230. Anything past then then we are seeing 216. We’ll see what tomorrow brings. It was bullish based off the IHS pattern. I have a 230 put, will hold and see where it goes. last price target was 250 :)
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