META has been range bounded for almost a month now With he share price has been trending within 765 and 735, with 1 exception when price dip to a low of 720. Been selling weekly covered call to hedge against the down side for a long time now, usually with far out strike collecting some pocket money while the market chop side ways. And like previous contracts, this too - expired worthless. Kept the full premium collected.
Next week, We'll know what's the story with rate cut. Market has priced in 25 basis point, but looking forward to a 50. Will the market sell the news if it's 25 and rally only if it's 50? Or rally anyway? Fee free to share your thoughts.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.00 1Lot(s) | +100.00% Closed |
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