META – Testing Key Demand as Gamma Shows Heavy Put Defense 🛡️
1-Hour Technical Outlook Meta remains in a well-defined descending channel that started early last week. After a sharp drop into the $737–$740 support area, price is trying to stabilize near $743, but still trades under a dominant downtrend line from the $760 zone. MACD momentum is weak and negative, while the Stoch RSI is only slowly recovering from oversold—suggesting cautious consolidation rather than an aggressive bounce. Key resistance to watch is $745 (short-term pivot), with larger supply at $752.5 and $760–$765. On the downside, a break below $737–$735 would expose the lower channel target around $725.
Gamma Exposure (GEX) Confirmation:
Options positioning sharpens the roadmap:
* Largest positive GEX / Call Resistance sits near $752.5, matching the first significant upside barrier.
* Secondary call walls are at $760–$767.5, aligning with the top of the broader structure.
* Deep put support is stacked at $740, with heavier layers at $735 and $725, reflecting strong dealer hedging interest at those key floors.
This setup implies that if Meta reclaims $745 with conviction, a gamma squeeze could propel price toward $752.5 and possibly $760. Conversely, sustained action below $737 would likely invite further dealer selling into the mid-$720s.
Trade Ideas & Option Plays for This Week
* Bullish Play: Enter on a clean hourly close above $745, targeting $752.5–$760. Options: 1-week 745 calls or 745/755 call spreads for defined risk.
* Bearish Play: Short below $737, targeting $730–$725. Options: short-dated puts or 740/725 vertical spreads.
* With IVR around 25.5 and IVx near 33.6, options pricing is moderate—favoring debit or credit spreads depending on direction.
My Take:
META is hovering at a decision zone. Heavy put support near $740 suggests a temporary floor, but until bulls reclaim $745, the path of least resistance remains sideways to slightly down. A decisive move through either $745 or $737 will likely set the tone for the week.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.
1-Hour Technical Outlook Meta remains in a well-defined descending channel that started early last week. After a sharp drop into the $737–$740 support area, price is trying to stabilize near $743, but still trades under a dominant downtrend line from the $760 zone. MACD momentum is weak and negative, while the Stoch RSI is only slowly recovering from oversold—suggesting cautious consolidation rather than an aggressive bounce. Key resistance to watch is $745 (short-term pivot), with larger supply at $752.5 and $760–$765. On the downside, a break below $737–$735 would expose the lower channel target around $725.
Gamma Exposure (GEX) Confirmation:
Options positioning sharpens the roadmap:
* Largest positive GEX / Call Resistance sits near $752.5, matching the first significant upside barrier.
* Secondary call walls are at $760–$767.5, aligning with the top of the broader structure.
* Deep put support is stacked at $740, with heavier layers at $735 and $725, reflecting strong dealer hedging interest at those key floors.
This setup implies that if Meta reclaims $745 with conviction, a gamma squeeze could propel price toward $752.5 and possibly $760. Conversely, sustained action below $737 would likely invite further dealer selling into the mid-$720s.
Trade Ideas & Option Plays for This Week
* Bullish Play: Enter on a clean hourly close above $745, targeting $752.5–$760. Options: 1-week 745 calls or 745/755 call spreads for defined risk.
* Bearish Play: Short below $737, targeting $730–$725. Options: short-dated puts or 740/725 vertical spreads.
* With IVR around 25.5 and IVx near 33.6, options pricing is moderate—favoring debit or credit spreads depending on direction.
My Take:
META is hovering at a decision zone. Heavy put support near $740 suggests a temporary floor, but until bulls reclaim $745, the path of least resistance remains sideways to slightly down. A decisive move through either $745 or $737 will likely set the tone for the week.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.
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.