Technical chatter on X on Friday, July 10, centered primarily on options trading activity in $META.
@ultrawavetrader reported a short sale of META options with detailed delta hedging and profit targets, closing the day with approximately $788k profit (13.52%) from options trades, including last-second entries into the 690 calls.
Why It Matters
Options activity in large tech names like META reflects short-term volatility and interest, yet the absence of complete Elliott Wave or impulse counts points to relatively quiet broader technical discussion.
The Bottom Line
The weekend passed with limited wave-based technical analysis, with emphasis on specific options trading. We will monitor for further updates from technical analysts heading into next week.
