Buy Puts above the Daily 200smaMeta Platforms Inc Class ABATS:METAMonetaryRebelWe nailed the target perfectly on the last move down, and then have seen this large move up +28% in just over 2 weeks! The charts are saying that META's troubles are not over, however. If you bought the dip a couple of weeks ago and have enjoyed these fast gains, it would be wise to take some profits. The move down at the end of March is not a 5-wave move. This is the main reason I do not think we are done here. The fib levels line up with the thesis that we could be looking at a big running flat here. This implies that this fast move up is the final leg of that flat correction. META tends to overshoot its moving averages, so I would not be surprised if it pushes up to $700 even before this is done. If we do push up there, I think $690-700 is a SWEEET SPOT to get into some put options. Probably 2-3 months out to be safe. Definitely do NOT choose a $460 strike on those puts though, that would be silly. A $600-650 strike would be far safer in case it takes a while to play out even if it means less contracts. (Not financial advice, just my look on things) Comment below. Always enjoy discussing.