here's why I'm watching FB for a reversion to the mean bounce
trade, I own some already.
see attached image; FB has been below its lower BB's now 4
consecutive days. look at the MACD, looks like an open bucket, it's
due for a reversion to mean bounce -rubber band too stretched
you can see that NFLX had the same setup a couple weeks back,
and once it went, it rallied over 100 points.
the point is, once FB goes, it can give a nice trade - i.e. a
trade
FB reversion to mean
Posted by matt on 8th of Feb 2022 at 10:55 am
here's why I'm watching FB for a reversion to the mean bounce trade, I own some already.
see attached image; FB has been below its lower BB's now 4 consecutive days. look at the MACD, looks like an open bucket, it's due for a reversion to mean bounce -rubber band too stretched
you can see that NFLX had the same setup a couple weeks back, and once it went, it rallied over 100 points.
the point is, once FB goes, it can give a nice trade - i.e. a trade
I own a deep in
Posted by steverobin on 8th of Feb 2022 at 11:55 am
I own a deep in the money call I purchased this morning for a bounce trade
very nice Steve, how far
Posted by matt on 8th of Feb 2022 at 11:55 am
very nice Steve, how far did you go out for expiration
I only went out to
Posted by steverobin on 8th of Feb 2022 at 01:22 pm
I only went out to 2-18. Probably not far enough. 65 Delta.
FB is forming an inverse
Posted by EdZ on 8th of Feb 2022 at 01:30 pm
FB is forming an inverse hammer in an oversold position, so maybe it's getting close to a bottom and RTM trade.
Matt just for a reversion
Posted by retirefire on 8th of Feb 2022 at 01:00 pm
Matt just for a reversion FB trade is March 18 too far out? 3/18 CALL 210 . Not acquainted other than SPY options
I bought 240 for July
Posted by arun on 8th of Feb 2022 at 11:59 am
I bought 240 for July 2023 and plan to sell weekly covered calls as it moves up
ha man that is deep
Posted by matt on 8th of Feb 2022 at 12:03 pm
ha man that is deep
being that deep you essentially
Posted by matt on 8th of Feb 2022 at 12:15 pm
being that deep you essentially get 99% of the movement of the SPY but at 1/2 the price of around 200 vs 450