We recommend selling the following OTM Call Option of META.

Sell META Mar 07 690 CE

Our analysis behind this recommendation is as follows:

A) Analysis of Stock Market Indices

Insight #1: The GLD & NASDAQ (QQQ) is showing a strongly BEARISH sentiment today! Check the Open Interest distribution for GLD & QQQ below.

The pie charts illustrate the bullish or bearish sentiment for each ticker {GLD, IWM, QQQ, SPY} by showing the distribution of Open Interest, color-coded as follows:

Insight #2: For GLD options expiring on Mar 07, 2025 (8 DTE), 89.7 % of the total open interest is jointly attributed to “Put Long Buildup”, “Call Long Unwinding and Call Writing” reinforcing a BEARISH sentiment.

B) Analysis of Mag-7 Stocks

Insight #3: META shows the strongest BEARISH sentiment among the Mag 7 stocks, based on the Open Interest distribution across weekly (8 DTE) and monthly (22 DTE) option chains.

Insight #4: META is the most BEARISH based on the weekly (8 DTE) option chains, with 93.8% of total Open Interest jointly attributed to “Put Long Buildup, and “Call Writing”. This distribution signals a strong BEARISH sentiment.

Insight #5: Additionally, we confirm that META shows strong BEARISH sentiment, as evidenced by the absolute Open Interest distribution across its weekly (8 DTE) and monthly (22 DTE) option chains.

Insight #6: We propose to sell Call options in META, since we have strong BEARISH sentiment. To identify the optimal Strike Price for trading, we analyze the Open Interest at various Strike Prices for META’s Call Options in the weekly (8 DTE) option chain.

Notably, the 690 CE Strike has an Open Interest of 2,085 a Delta of 24.9%, and a Call Option Premium of $5.15

Conclusion

Based on our analysis, we propose to Sell to Open the following OTM Call Option of META:

Sell META Mar 07 690 CE

Appendix — My Trade

On February 27, 2025, at 10:00 AM, I executed the following trade:

Sell To Open META Mar 07 690 CE @ $5.16

This trade is clearly reflected in the price chart of the META 690 CE shown below:

I sold to open an META Mar 07 690 CE at $5.16, collecting $516 per contract.