Meta PlatformsShort
META & COST are overbought
META & COST are overbought. With a RSI by 80 and trading above it's outer ATR band of 3x standard deviations. Once momentum fizzles out, gravity will bring META & COST back down to SMA20. So here's a straightforward trading idea.
META levels:
ATR 23
SMA 20 = 653
SMA50 = 623
SMA100 = 598
SMA200 = 545
COST levels:
ATR 20
SMA 20 = 965
SMA50 = 963
SMA100 = 932
SMA200 = 882
META short trade idea:
short 715
stop 725
profit 655
COST short trade idea:
short 1060
stop 1070
profit 965
META options data:
2/21 expiry
Put Volume Total 20,489
Call Volume Total 25,697
Put/Call Volume Ratio 0.80
Put Open Interest Total 105,207
Call Open Interest Total 131,858
Put/Call Open Interest Ratio 0.80
3/21 expiry
Put Volume Total 8,533
Call Volume Total 19,062
Put/Call Volume Ratio 0.45
Put Open Interest Total 101,527
Call Open Interest Total 110,511
Put/Call Open Interest Ratio 0.92
4/17 expiry
Put Volume Total 4,053
Call Volume Total 5,625
Put/Call Volume Ratio 0.72
Put Open Interest Total 32,737
Call Open Interest Total 53,495
Put/Call Open Interest Ratio 0.61
COST options data:
2/21 expiry
Put Volume Total 4,458
Call Volume Total 5,217
Put/Call Volume Ratio 0.85
Put Open Interest Total 11,521
Call Open Interest Total 12,621
Put/Call Open Interest Ratio 0.91
3/21 expiry
Put Volume Total 3,210
Call Volume Total 3,064
Put/Call Volume Ratio 1.05
Put Open Interest Total 25,964
Call Open Interest Total 22,294
Put/Call Open Interest Ratio 1.16
4/17 expiry
Put Volume Total 592
Call Volume Total 1,388
Put/Call Volume Ratio 0.43
Put Open Interest Total 10,602
Call Open Interest Total 8,988
Put/Call Open Interest Ratio 1.18
META levels:
ATR 23
SMA 20 = 653
SMA50 = 623
SMA100 = 598
SMA200 = 545
COST levels:
ATR 20
SMA 20 = 965
SMA50 = 963
SMA100 = 932
SMA200 = 882
META short trade idea:
short 715
stop 725
profit 655
COST short trade idea:
short 1060
stop 1070
profit 965
META options data:
2/21 expiry
Put Volume Total 20,489
Call Volume Total 25,697
Put/Call Volume Ratio 0.80
Put Open Interest Total 105,207
Call Open Interest Total 131,858
Put/Call Open Interest Ratio 0.80
3/21 expiry
Put Volume Total 8,533
Call Volume Total 19,062
Put/Call Volume Ratio 0.45
Put Open Interest Total 101,527
Call Open Interest Total 110,511
Put/Call Open Interest Ratio 0.92
4/17 expiry
Put Volume Total 4,053
Call Volume Total 5,625
Put/Call Volume Ratio 0.72
Put Open Interest Total 32,737
Call Open Interest Total 53,495
Put/Call Open Interest Ratio 0.61
COST options data:
2/21 expiry
Put Volume Total 4,458
Call Volume Total 5,217
Put/Call Volume Ratio 0.85
Put Open Interest Total 11,521
Call Open Interest Total 12,621
Put/Call Open Interest Ratio 0.91
3/21 expiry
Put Volume Total 3,210
Call Volume Total 3,064
Put/Call Volume Ratio 1.05
Put Open Interest Total 25,964
Call Open Interest Total 22,294
Put/Call Open Interest Ratio 1.16
4/17 expiry
Put Volume Total 592
Call Volume Total 1,388
Put/Call Volume Ratio 0.43
Put Open Interest Total 10,602
Call Open Interest Total 8,988
Put/Call Open Interest Ratio 1.18
Note
META short entry 722Note
COST short entry 1055
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.