META PUT +$3.58 (+366F) in 2h05m — volatility widened after the squeeze
META’s 10:00am PUT from $613.01 to $609.43 netted +$3.58 (+366F) after the bands widened right as the trade triggered, breaking down from the day’s low area. Confirmation came from heavy institutional selling volume overhead into entry, charging volume at 10:00am, momentum turning down with a late bearish momentum confirmation at 10:35am, plus a downside shift with the DMI momentum win at 10:20am and the breakdown through the opening-range low area at $612.88 by 10:25am.
META’s 10:00am PUT at $613.01 paid $3.58 by the 12:05pm exit at $609.43, a 125-minute hold that captured 60% of the session’s best close-to-close move. Z3 confirmed the downside late, with the bearish cape firing at 10:35am and peaking at -2.30 by 11:10am, giving the trade 8 straight favorable momentum bars once it finally opened up. The move had real structure behind it: a bear volume anchor from 9:45am sat overhead with no bullish counter-anchor below, price broke lower from the cellar and then confirmed with charging volume at 10:00am, bands expanding right at entry, a bearish DMI win at 10:20am, and both the Kijun flip and range extension below the IB low hitting at 10:25am at $612.88. It still made you work, with META pushing $2.84 against the put into 10:10am and taking the full 125 minutes before the trade showed $10F, then giving back $2.42 from the peak into the exit.
Verdict: structurally right but messy on timing, not a clean entry, a little theta-expensive, but still worth the hold because the confirmation stack eventually did exactly what it was supposed to do.