$Meta Platforms, Inc.(META)$ I haven't capitulated on my 11/20 contracts yet. The options positioning is substantial, and this isn't the kind of exposure I'd casually dismiss as retail noise. Keep in mind, this beast has a 14-day ATR of $23.96 and an RSI of 30.56. From where we are, the $650 strike is about 1.6 ATRs away. META is capable of covering that distance in a single trading session, though that would be a significant move beyond its typical daily range. That doesn't mean it will happen, but the volatility is there.
Whether institutional flows step in and deliver upside follow-through before expiration remains the real question.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
