META 0.00%↑ gapped up from about $153 to $180 one month ago following its Q4 earnings report. It’s bounced along in the sessions since, consolidating nicely above a now rising 200 day moving average. Bounce and go from here? Maybe. Plenty of ways to play this on the long side. I’m personally selling put spreads on the gap range over the short term, which provide decent time-weighted ROI.
