META Platforms Options Ahead of Earnings

Jan 30, 2024

If you haven`t bought the dip on META:

Then analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the 395usd strike price in the money Calls with
an expiration date of 2024-2-9,
for a premium of approximately $19.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Feb 3, 2024

Trade closed: target reached

META traded at $485.96 after earnings, and the Calls went up from $19.15 (when I wrote this article) to $81.40 at the close on Friday (a lot higher intraday), for about 4.25X gain!
Congrats to those who bought the calls!!!