We recommend selling the following OTM Call Option of META.

Sell META Mar 21, 600 CE

Our analysis behind this recommendation is as follows:

A) Analysis of Stock Market Indices

Insight #1: NASDAQ (QQQ) is moderately BEARISH today!

* QQQ has 28.1 Mathur Bear-Bull Percent, implying it is strongly bearish.

We can also check the Open Interest distribution for 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 QQQ options expiring on Mar 21, 2025 (3 DTE), 69.1 % 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 (15 DTE) option chains.

META has 16.0 Bear-Bull Percent, implying it is strongly bearish.

We can also check the Open Interest distribution for META below.

Insight #4: META is the most BEARISH based on the weekly (3 DTE) option chains, with 92.8% 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 (3 DTE) option chain.

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 (3 DTE) option chain.

Notably, the 600 CE Strike has an Open Interest of 12,585, a Delta of 21.1%, and a Call Option Premium of $3.10

Conclusion

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

Sell META Mar 21 600 CE

Appendix — My Trade

On Mar 18, 2025, at 10:10 AM, I executed the following trade:

Sell To Open META Mar 21 600 CE @ $3.10

This trade is clearly reflected in the price chart of the META 600 CE shown below:

I sold to open an META Mar 21, 600 CE at $3.10, collecting $310 per contract.