It's a "META World"

The stock market is like a lot of things in life, it can change with the wind
Today it did for the better
Mexico and Canada have both agreed to “concessions” to delay any tariffs for the next 30 days. China, well that’s a story of its own

Last night Futures traders had their fun, now it’s time for us to get back on track, or as I’ve mentioned before as my Colombian friends say “Muy Empresarial” or “Very Business”

Six, seven months ago or so I shared my frustration with META. At that time it wasn’t keeping pace with others in it’s Sector. Well that was then, this is now
One thing we kept seeing, as I would mention time and time again and again, was the 550 Strike that was being bought up but never achieved

This is different, right now META is being bought at the 730, 740 and even the 750s going out for the next 2.5 months. If we stretch it out all the way until the middle of JUN, there is heavy buying at the 750
What this suggests is that this could be a Break Out for META here and not just another consolidation zone forming. As I look at it and ask is it the Premium sellers collecting “rent”?
It doesn’t appear that way, not at the moment

META
Bull Call Spreads
MAR 21, 2025
First off let me say we are in a “funkee spot” on price because price is right in the middle of the $5.00 increments, lets look at these and see what we get
705 / 710 are 2.90 at the MID
705 / 715 are 5.13 at the MID
705 / 720 are 7.13 at the MID
Blind Calls
705’s are 29.10 at the MID
720’s are 21.95 at the MID
730’s are 18.20 at the MID
It’s the 730’s that are seeing the most action here, they carry on O.I. of over 4,700
Remember the farther away OTM you go, the faster the decline will be on any pullbacks
That’s the flip side of that coin

For anyone that is super bullish on META looking out at the JUN Calls might be interesting
JUN 20, 2025
Blind Calls
750’s are 40.35 at the MID
The buying increased noticeably on those today
O.I. exceeds 10K

Part of why we like META so much here today is well, it’s already on our list, but anytime a stock is green when the rest of the market is red, and especially with Options are growing the way they did today, that is a sign of strength
And we here at theoptionscoach.net are fans of strength

Always remember that we don’t buy when a stock is red or on down days
Set STOPS and HONOR THEM

COST and WMT both did awesome, wonderful and great today, WMT is looking ripe for breakout itself
But today it’s a “META World”

The Options Coach