FB Trade on Oct 4, 2021 15:52 from Marius: Tradervue User Stock Trades.

Markets opened on selling momentum from last week with continued agenda's. More notably there was persistent elevated volatility until mid-week when the debt ceiling was addressed and extended until December 3rd to allow more time. The market strongly rallied here but mid to higher time frame price action still showing sellers in control. Earnings season starts next week with financials reporting.

Fundamentals In Play Analysis

Facebook was accused by former project manager of "betrayal of democracy" for turning off its safety measures immediately after the U.S. Presidential election in November 2020. In September she also released internal documents that researchers found its app as harmful for teenagers. The app also experienced a widespread outage on this day that affected communications throughout the globe. It's also worth noting that ad revenue has been hit more recently due to Apple's privacy options. This is part of the core business model and has been weighing on the performance of the company. Their upcoming earnings report on October 25th should provide more info on these aspects.

Quantitative Analysis

Intraday Fundamentals

RVOL 3.02
AVOL 14.02M
ATR 8.92
Beta 1.32
VIX 22.96
Volatility 2.48% 2.12%
Short Float 1.15%
Shs Float 2.37B
Inst Own 80.60%
Market Cap 910.08B

Options Statistics + Tape Reading + Order Flow + Dark Pool Levels + Flow Sentiment

SI 2.354
IV 43.47%
IVP 59%
P/C 0.82
VWAP 326.645

Options Positioning

OI 5126 2240
VOL 2841 120
Delta .02 .00
Theta -.07 -.02
Vega .02 .00
Gamma .00 .00
Prob T 3.28% 0.72%
Prob ITM 1.63% 0.36%
MMM +/- 14.749
IV Series 49.98%

Technical Analysis

Trade Setup/Execution Grade + Risk (risk:premium) + Positioning + Size/Allocation Management & Review

(B/C) setup / (B) execution. 1/0.5RP, very conservative positioning, 13% allocation. Was very conservative here due to market volatility and price action pivot risk. This is also 1 week before earnings and did not want to press into non (A) setups. I reviewed to scale more into the position but moved onto the next better trade to focus on.