
The markets look to head lower in Thursday trading after Meta Platforms (META) provided weaker-than-expected Q2 2024 revenue guidance combined with higher capital expenditures. As I write this before the markets open, the S&P 500 futures are down nearly three-quarters of a percent.
My job on Thursdays is to find a compelling call or put option to buy or sell that’s experiencing unusually active options activity, defined as a Vol/OI ratio of 1.25 or higher.