TradersTale

Facebook earnings IV crush

Long
TradersTale Updated   
NASDAQ:META   Meta Platforms
Facebook has earnings tonight and implied volatility is up for their options. I was able to sell a Feb Wk 1 172.50 put for .64. The IV was about 80%, so even with a small gap down the IV should be sucked out immediately in the morning.
Comment:
IV crush was great on this was at .05 on open, on the FB rally today no reason why this shouldn't go to options heaven tomorrow.

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