We recommend selling the following OTM Put Option of META.

Sell META Mar 28, 620 PE

Our analysis behind this recommendation is as follows:

A) Analysis of Stock Market Indices

Insight #1: The S&P 500 (SPY) & NASDAQ (QQQ) are Strongly Bullish today!

* QQQ has 86.1 Bear-Bull Percent, implying it is strongly Bullish.

* GLD has 76.9 Bear-Bull Percent, implying it is strongly Bullish.

We can also check the Open Interest distribution for QQQ, SPY 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 28, 2025 (3 DTE), 89.2% of the total open interest is jointly reinforcing a strongly BULLISH sentiment.

B) Analysis of Mag-7 Stocks

Insight #3: META shows the strongest BULLISH sentiment among the Mag 7 stocks, based on the Open Interest distribution across weekly (3 DTE) option chain.

META has 85.2 Bear-Bull Percent, implying it is strongly Bullish

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

Insight #4: META is the most BULLISH based on the weekly (3 DTE) option chain, with 96.8% of total Open Interest jointly signals a strong BULLISH sentiment..

Insight #5: Additionally, META shows strong BULLISH sentiment, as evidenced by the absolute Open Interest distribution across its weekly (3 DTE) option chain.

Insight #6: To identify the optimal Strike Price for trading, we analyze the Open Interest at various Strike Prices for META’s Put Options in the weekly (3 DTE) option chain.

Notably, the 620 PE Strike has an Open Interest of 1,810, a Delta of 36.4%, and a Option Premium of $5.15

Conclusion

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

Sell META Mar 28 620 PE

Appendix — My Trade

On MAR 25, 2025, at 12:00 PM, I executed the following trade:

Sell To Open META Mar 28 620 PE @ $5.14

This trade is clearly reflected in the price chart of the META 620 PE shown below:

I sold to open an META Mar 28, 620 PE at $5.14, collecting $514 per contract.