Does META want to fill that gap between $397 - $402…???
There’s a glaring gap between roughly $397 - $452. Market depth and momentum suggest that the market isn’t obsessed with it, especially if they blow it out of the water in their earnings later on today, at whic h point traders and quants may be willing to forego this backfill.
But should they get hammered after earnings,…. its hard to say whether or not the stock will be taken down by traders or in response to a different fundamental catalyst that would put META in the penalty box, at which point, traders may try to fill that gap.
if this occurrs however, even though I dont think it will, Id be backing up the truck to load up until the truck floweth over.
One thing Im not getting here though is that given the fact that the Tic Tok ban ( divestiture) was signed today, even though it doesntecome actionable for 9 - 12 months, is why Meta, a primary beneficiary of this law, is not up in a major way right now. This pre-earnings price action is a bit confounding to say the least given what are believed to be very strong numbers in this current upcoming earnings report this afternoon…???🤔
Thoughts? …….
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Options : I can tell you real question is if you should get Puts or calls?
102507729 : Talk nonsense!!!