"Facebook can't go lower"

Last Thursday at lunch when I checked my phone I had 3 messages from people asking me if I was buying Facebook. Across my social media I saw much of the same chatter, "Facebook can't go lower."
Be careful saying things like that.
The reality is the price of Facebook $NASDAQ:FB has broken key Weekly Supports and could likely continue down to find new ones. I would also highly recommend against trying to buy Calls (especially short dated) because the Implied Volatility remains elevated (over 97% IV Percentile) meaning options will likely slowly crush in value.
Broadly the market is up today across growth and tech... and Facebook is not. Trade wisely.
Be careful saying things like that.
The reality is the price of Facebook $NASDAQ:FB has broken key Weekly Supports and could likely continue down to find new ones. I would also highly recommend against trying to buy Calls (especially short dated) because the Implied Volatility remains elevated (over 97% IV Percentile) meaning options will likely slowly crush in value.
Broadly the market is up today across growth and tech... and Facebook is not. Trade wisely.
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.