META: collect $555 (0.8%) premium for this short put.
Contract expires in 3 weeks on 24th Oct.
Price is trading around $708 and is about 10% off its recent high made on 19th Sept.
Believe money rotation at play with recent runs in other tech stocks but bearish for META.
Still a huge cash cow with major business intact. Potential for reentry at lower levels with the strike selected at conservative $660 which is below it's 150 and 200 days MA lines to act as support zones.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 5.55 1Lot(s) | -- Closed |
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- ZOE011·10-08Interesting strategyLikeReport