$Meta Platforms, Inc.(META)$ Taking a bath on these puts right now, but even if I get assigned I am fine with it. Basis on the $19 strike is .63 per contract, and $0.65 on the $18.5 strike. Assignment on the $19 would mean 300 shares of $Direxion Daily META Bull 2X ETF(METU)$ at an $18.37 cost basis, which works for me. Next week will decide how the $18.5 strike plays out, and I am collecting $537.50 in premium over the next 7 trading days.
$Snap Inc(SNAP)$ $Meta Platforms, Inc.(META)$ SNAP understood from day one that what Meta was doing wasn't great. That's why when you open Snapchat it goes straight to the camera, then encourages the core use case of messaging people you actually want to talk to directly. Not landing on an endless divisive feed full of misinformation. Snap then kept going with stories that disappear, rather than staying there and dragging on. Meta and its investors thought Snap was just a feature to copy. Clearly not. People want a break from Meta and the ideas it supports.
$Meta Platforms, Inc.(META)$ Still holding up well with a higher close than the prior session, and still trading above the 9ma. That doesn't look like bearish price action to me.
$Meta Platforms, Inc.(META)$ Meta basically said the same thing as Microsoft on expenditures, they just messed up the explanation. Still, the stock shouldn't be down this much.
$Meta Platforms, Inc.(META)$ If Zuck comes out and says something about AI and shifts the focus toward maximizing profits for shareholders, the stock could really take off.