META On Jun 2nd we entered Long META via the July 18th $750C. It popped up over 200% by Jun 30th and has retraced a bit since. Trade management rules suggested an 50% trailing stop which has been hit. If still in any on the META calls, we should be rolling over to August expiration before next Friday (Jul 18th). If META can close above $740 it will constitute an Intermediate Term breakout and another trigger to go Long. A stair-stepped advance since early June, about ready for a fresh breakout above $740, targeting an $832, minimum. I don't usually like paying over $10 for an option ($1,000) but can make an exception for a stock that has risen over $200 since April 28th. That's a 40% move in a little over two months. Does META have any gas left? Mr. Fibonacci says, "Yes, above $740, next targets are $832-$1,065." The $800C has 5X to 10X potential. As long as META closes above $740, rollover or initiate new position in August calls.
