Trade Recap for Thursday 9/28/23

Trade: $META 305c

• Reasoning: key level reclaim

• Entry on the contract: 2.00

• Exit on the contract: 2.80

• Profit in percent: 40%

Today, META was able to hold over the key 300 level and eventually broke through the 302 resistance level. When META cleared 302 I went long looking for a move into the key 305 level next. As META moved higher, I progressively sold as we approached 305. META was one of the stronger moves today and after the bounce we saw yesterday it was set up for a strong move higher only if it was able to hold 300 which it did.