META’s Monster Gap — Gamma Ceiling at $785 or Room to Run Past $800?
🔍 GEX & Options Flow Insight (1st Image Analysis)
META ripped higher on earnings momentum, gapping from the $690s into the $770s, and is now stalling just under the Gamma Wall / Highest Positive NET GEX at $784.69. Options positioning shows bullish gamma support but overhead resistance could trigger a stall or pullback before another leg up.
* Call Walls & Resistance:
* 📍 $784.69 → Highest positive NET GEX / Gamma Wall
* 📍 $800.00 → GEX10 & GEX9 ceiling = ultimate squeeze target if momentum continues
* Put Support Zones:
* 🛡️ $750.00 → Key 2nd Call Wall zone now acting as gamma support
* 📉 $700.00 / $691.30 → HVL zone + hard put support
* 🚨 Breakdown below $691 opens the door to a deep retracement
* Volatility Insight:
* IVR 5.6, IVx Avg 31.6 → Low IV = cheaper premium for directional plays
* Call flow 11.6% = Not euphoric, but bullish sentiment
* GEX sentiment: 🟢🟢🟢 = Long gamma environment, supportive of dips
✅ Option Trading Suggestion:
Bias: Bullish but extended — watch for consolidation before breakout Strategy: Debit call spread (protects from IV crush)
* Entry Idea: Buy 780C / Sell 800C for Aug 2 or Aug 9 expiry
* Invalidation: Breakdown under 750 with volume
* Target: 785 → 800 on continuation
Why this works: META is riding strong bullish gamma positioning. As long as it holds above $750, dealer hedging supports price. Break above $785 could trigger short gamma acceleration to $800. But extended after earnings, so controlled size is key.
🧠 Technical Analysis (1H Chart) (2nd Image Analysis)
Market Structure & SMC:
* ✅ BOS + CHoCH sequence with a massive impulsive move from liquidity grab under $700
* 📈 Price is currently in the supply zone (purple box $768–$784) from historical resistance alignment
* 📊 First consolidation post-gap — watching for either breakout or gap-fill attempts
Trendline Dynamics:
* Strong bullish breakout from long consolidation
* Price is riding the upper slope of a sharp post-gap channel
SMC Zones:
* 🟩 Demand / OB Zone: $750–$724 → Ideal dip buy zone if retested
* 🟥 Supply Zone (Purple Box): $768–$784 → Current battle zone
🔄 Price Action & Key Levels
* Support:
* ✅ $750 → Former resistance, now key support
* ✅ $724 → Fib retracement confluence
* 🚨 $700 / $691.30 → HVL & hard gamma put wall
* Resistance:
* 🚩 $784.69 → Gamma Wall + supply top
* 🧨 $800 → Ultimate squeeze ceiling
🧭 Scalping / Intraday Trade Setup
🟩 Bullish Setup:
* Entry: $770–$772 dip reclaim
* Target 1: $784.69
* Target 2: $800 extension
* Stop: Close under $750
🟥 Bearish Pullback Setup:
* Entry: Rejection at $784.69
* Target 1: $760
* Target 2: $750
* Stop: Breakout above $785
🔁 Summary Thoughts
* META just printed a post-earnings breakout that could keep running into $785–$800 if gamma fuel continues.
* First consolidation after the gap is critical — if bulls defend $750, breakout setups remain strong.
* Caution chasing highs; better reward/risk comes from pullback buys into $750–$760.
* Dealers are long gamma, which supports range-bound chop with bullish bias.
🚨 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.
🔍 GEX & Options Flow Insight (1st Image Analysis)
META ripped higher on earnings momentum, gapping from the $690s into the $770s, and is now stalling just under the Gamma Wall / Highest Positive NET GEX at $784.69. Options positioning shows bullish gamma support but overhead resistance could trigger a stall or pullback before another leg up.
* Call Walls & Resistance:
* 📍 $784.69 → Highest positive NET GEX / Gamma Wall
* 📍 $800.00 → GEX10 & GEX9 ceiling = ultimate squeeze target if momentum continues
* Put Support Zones:
* 🛡️ $750.00 → Key 2nd Call Wall zone now acting as gamma support
* 📉 $700.00 / $691.30 → HVL zone + hard put support
* 🚨 Breakdown below $691 opens the door to a deep retracement
* Volatility Insight:
* IVR 5.6, IVx Avg 31.6 → Low IV = cheaper premium for directional plays
* Call flow 11.6% = Not euphoric, but bullish sentiment
* GEX sentiment: 🟢🟢🟢 = Long gamma environment, supportive of dips
✅ Option Trading Suggestion:
Bias: Bullish but extended — watch for consolidation before breakout Strategy: Debit call spread (protects from IV crush)
* Entry Idea: Buy 780C / Sell 800C for Aug 2 or Aug 9 expiry
* Invalidation: Breakdown under 750 with volume
* Target: 785 → 800 on continuation
Why this works: META is riding strong bullish gamma positioning. As long as it holds above $750, dealer hedging supports price. Break above $785 could trigger short gamma acceleration to $800. But extended after earnings, so controlled size is key.
🧠 Technical Analysis (1H Chart) (2nd Image Analysis)
Market Structure & SMC:
* ✅ BOS + CHoCH sequence with a massive impulsive move from liquidity grab under $700
* 📈 Price is currently in the supply zone (purple box $768–$784) from historical resistance alignment
* 📊 First consolidation post-gap — watching for either breakout or gap-fill attempts
Trendline Dynamics:
* Strong bullish breakout from long consolidation
* Price is riding the upper slope of a sharp post-gap channel
SMC Zones:
* 🟩 Demand / OB Zone: $750–$724 → Ideal dip buy zone if retested
* 🟥 Supply Zone (Purple Box): $768–$784 → Current battle zone
🔄 Price Action & Key Levels
* Support:
* ✅ $750 → Former resistance, now key support
* ✅ $724 → Fib retracement confluence
* 🚨 $700 / $691.30 → HVL & hard gamma put wall
* Resistance:
* 🚩 $784.69 → Gamma Wall + supply top
* 🧨 $800 → Ultimate squeeze ceiling
🧭 Scalping / Intraday Trade Setup
🟩 Bullish Setup:
* Entry: $770–$772 dip reclaim
* Target 1: $784.69
* Target 2: $800 extension
* Stop: Close under $750
🟥 Bearish Pullback Setup:
* Entry: Rejection at $784.69
* Target 1: $760
* Target 2: $750
* Stop: Breakout above $785
🔁 Summary Thoughts
* META just printed a post-earnings breakout that could keep running into $785–$800 if gamma fuel continues.
* First consolidation after the gap is critical — if bulls defend $750, breakout setups remain strong.
* Caution chasing highs; better reward/risk comes from pullback buys into $750–$760.
* Dealers are long gamma, which supports range-bound chop with bullish bias.
🚨 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.
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.
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.