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As the major market indexes continue to consolidate in a fairly tight range, one trend has become clear. Traders are starting to move out of a few of the “Trump trades” they entered in the aftermath of the election and are starting to rotate back into the stocks, like Facebook Inc (NASDAQ:FB), that led the market rally during 2016. We anticipate this move is going to continue as these stocks still have not climbed back up to their pre-election highs and because the companies behind the stocks continue to outperform.

Facebook is scheduled to release its quarterly earnings on Feb. 1, after market close, and we expect the stock to continue climbing back up toward its recent high of $133.50 in the run up to the company’s announcement. Traders have been concerned with FB’s recent comments about declining ad load (the number of ads FB can cram into a user’s feed) growth because management believes they are reaching the max-saturation level for ads, but FB’s emphasis on video, Facebook Live, Instagram and Oculus promises to help increase revenue growth.

‘Buy to open’ the FB March 130 Calls (FB170317C00130000) for a maximum price of $4.30.

You can learn more about identifying price patterns and using them to project how far you think a stock is going to move in our Advanced Technical Analysis Program.

InvestorPlace advisers John Jagerson and S. Wade Hansen, both Chartered Market Technician (CMT) designees, are co-founders of LearningMarkets.com, as well as the co-editors of SlingShot Trader, a trading service designed to help you make options profits by trading the news. Get in on the next SlingShot Trader trade and get 1 free month today by clicking here.