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Reallifetrading
Jan 4, 2016 4:54 PM

FB put sale 

Meta Platforms, Inc.NASDAQ

Description

This strike has HUGE Open interest and volume. One could also consider the $90 Jan 22nd put sale I have no qualms regarding BTC this put sale in 3-4 days or a week if FB trades sideways or bounces and I capture 70% or more of the prem.
Nice bearish gap on FB today, not going to deny that. However, it is a bearish retest gap and the 100 SMA should provide some support and I don't min d owning shares of FB anyway, if it happens.
Comments
Reallifetrading
I am going to buy this one back. Bearish edge is BREAKING down. BTC for 1.50 Small loss relative to the potential gain. I'm fine with that.
Reallifetrading
Wow. A lot of premium already sucked out on this one. I might be buying it back soon...
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