Nice
@mster:$Meta Platforms, Inc.(META)$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.
$Meta Platforms, Inc.(META)$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.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.