Hey Traders, I am leaning more neutral on FB for earnings as it has already made its expected move before earnings (6%). On Friday, July 23, 2021 there was some notable buying of 33,323 contracts of the $400.00 call expiring on Friday, July 30, 2021. Option traders are pricing in a 5.8%, so 392 bullish or 348 bearish. Put call ratio for 7/30 is .67. An august 20 390/420 call credit spread ($4.25 credit received) would be a good ER play. Good luck!