I closed $META 20240412 535.0 CALL$  ,META: this is the 2nd leg for the bear call spread of $530/$535 that expired worthless and lose all my premiums. Net premium collection is 0.25% over 4 days of contract. META rejected its all time high of $531.49 and is now about $20 lower at closing. META continue to exhibit very strong momentum and coming earnings on 24th April might lead it to break new high depending on the results. If the results is poor, it might lead to correction go back to its gap fill range of $400 which will be a 20% down from current level. Let’s observe which was this trade will go.
META CALL
04-13 14:44
US20240412 535.0
SidePriceRealized P&L
Sell
Close
0.00-100.00%
Closed
Meta Platforms, Inc.
# Trade Feed: Who is your favorite star traders?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment4

  • Top
  • Latest
  • Tracccy
    ·04-15
    TOP

    META was a cautious approach considering the stock's strong upward momentum, but fail to break the ATH suggests a potential consolidation or pullback, depending on the upcoming earnings report

    Reply
    Report
  • zookie
    ·04-15
    TOP

    the current price pullback show a cautious market sentiment towards the upcoming results

    Reply
    Report
    Fold Replies
  • blah blah blah
    Reply
    Report