$Meta Platforms, Inc.(META)$planning to do a Bull Put Spread on Meta. Meta closes 159 last Friday. After the recent draw down from weak earnings, its has dip close to the 52weeks low of $154. Looking at 154 being a strong support, expecting prices to hover around or bounce back at this 154/150 level. Thus executing a Bull Put spread - by Selling aput at 150 and Buying a put at $140, expiration 19082022. With a credit of $178, breakeven to look out at 148 if things go south.
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Nice