Key Observations:
* Price Movement: META is trading at $631, showing consolidation near the Highest Positive NETGEX / Call Resistance level.
* Volume Insights: Moderate volume suggests balanced sentiment between buyers and sellers.
GEX Levels:
1. Resistance Levels:
* 638.5: Highest Positive NETGEX and a critical resistance level where significant call activity is concentrated.
* 645 (2nd Call Wall): A breakout above $638.5 could lead META to test $645.
* 650 (3rd Call Wall): Extended target in a bullish scenario.
2. Support Levels:
* 625: Immediate support; a breach could push META toward the lower levels.
* 620: Key Put Support, expected to provide a strong cushion.
Options Oscillator [PRO] Insights:
* IVR (Implied Volatility Rank): 8.1 – Low implied volatility rank indicates that options are relatively inexpensive, suitable for buyers.
* IVx (Implied Volatility Average): 30.4% – Moderate volatility, reflecting potential price movement in the short term.
* Call %: 37.8% – Bullish sentiment, with calls slightly outweighing puts.
Trade Recommendations:
1. Bullish Setup:
* Trade: Buy META $640 Call expiring December 22, 2024.
* Target: $645–$650.
* Stop Loss: Below $625.
2. Bearish Setup:
* Trade: Buy META $620 Put expiring December 22, 2024.
* Target: $620 or lower.
* Stop Loss: Above $638.5.
Conclusion:
META is positioned at a critical juncture, with the GEX and Options Oscillator [PRO] indicating potential for either a breakout above $638.5 or a pullback to test support at $625. Traders can leverage these levels for high-probability setups.
Disclaimer: This analysis is for informational purposes only. Always trade responsibly and consider your risk tolerance.
* Price Movement: META is trading at $631, showing consolidation near the Highest Positive NETGEX / Call Resistance level.
* Volume Insights: Moderate volume suggests balanced sentiment between buyers and sellers.
GEX Levels:
1. Resistance Levels:
* 638.5: Highest Positive NETGEX and a critical resistance level where significant call activity is concentrated.
* 645 (2nd Call Wall): A breakout above $638.5 could lead META to test $645.
* 650 (3rd Call Wall): Extended target in a bullish scenario.
2. Support Levels:
* 625: Immediate support; a breach could push META toward the lower levels.
* 620: Key Put Support, expected to provide a strong cushion.
Options Oscillator [PRO] Insights:
* IVR (Implied Volatility Rank): 8.1 – Low implied volatility rank indicates that options are relatively inexpensive, suitable for buyers.
* IVx (Implied Volatility Average): 30.4% – Moderate volatility, reflecting potential price movement in the short term.
* Call %: 37.8% – Bullish sentiment, with calls slightly outweighing puts.
Trade Recommendations:
1. Bullish Setup:
* Trade: Buy META $640 Call expiring December 22, 2024.
* Target: $645–$650.
* Stop Loss: Below $625.
2. Bearish Setup:
* Trade: Buy META $620 Put expiring December 22, 2024.
* Target: $620 or lower.
* Stop Loss: Above $638.5.
Conclusion:
META is positioned at a critical juncture, with the GEX and Options Oscillator [PRO] indicating potential for either a breakout above $638.5 or a pullback to test support at $625. Traders can leverage these levels for high-probability setups.
Disclaimer: This analysis is for informational purposes only. Always trade responsibly and consider your risk tolerance.
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.
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.