DailyPlay Taking Profits (FB) – November 3rd, 2021

Taking Profits

We expect some market volatility today with the Fed concluding their 2-day meeting which will likely highlight a tapering in monetary policy and the plan for rate hikes in 2022. While markets have priced in at least 1 rate hike for 2022, the downside risk for equities is if the Fed indicates more than just 1 rate hike. 

• FB – 34% Gain: Short Nov 19, 2021 $300/$322.5 Call Vertical​  @ $5.11 Debit