$META still wants $200$META still wants $200
Calls over $197.16
Target $202, $205.46
Puts under $182.91
Target $180
Metastock
META Meta Platforms Options Ahead Of EarningsIf you haven`t sold META at $341:
Then I think that META Meta Platforms will announce massive layoffs at the earnings date, which the market loves.
Mark Zuckerberg will continue spending billions on building the Metaverse, but the market won`t care as long as they fire people.
Another reason for a happy earnings ending is the FOMC decision to hike the interest rates by 25bps instead of 50bps (I assume).
Otherwise, META loses more ground against TikTok, which took over the globe.
But Mark Zuckerberg doesn`t care about that, because if TikTok really becomes a threat for META (sorry, for the economy), regulators will declare it a spy app, threatening the US national security.
So eventually META will prevail.
If the authorities won`t intervene to help META, i think the stock should end the year around $120.
All the above considered, looking at the META Meta Platforms options chain ahead of earnings , I would buy the $150 strike price Puts with
2023-2-17 expiration date for about
$7.45 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
$META TRade Idea - Earnings runup currently filling bear gap $META Trade Idea
Earnings runup currently filling bear gap
Calls over $153.19
Target $154.31, $156
Puts under $147.47
Target $141.47
$META Trade Idea - Finished with a Bullish Engulfing on the dayFinished with a Bullish Engulfing on the daily
Calls over $137.44
Targets: $138.34, $141.38
Puts under $132.21
Targets: $131.76, $130.30
NASDAQ:META
META BEAR FLAG OTW. Bearish on $META below 137 until 123 unless break AND hold above 143. $VIX is also showing bullish context to comfirm this $META bear flag (failure to go lower) @ Weekly level 137. Would take majority of profit off the table at $128.71 because their may be a pullback to retest around 135.
META stock Trading ideas - 31-Aug-2022Meta has hit the levels 155-158 multiple times, it is more likely that the stock would tend to move lower to the next support.
The next support area currently is at 149 levels.
META to $147.35 (Short -10.8%)meta platforms has experienced a strong sell for sometime and rejected the $155 mark 3 times....but still failed to rally up.
Aacording to my resistance at $172 at 61.8 fibo region. i expect meta to short to $147.35 precisely (there can be a possible rejection at $155).
this will be a $17 off this stock!!!
Other way round, if there's a buy clear breakout of my rejection zone then meta will short from $172 to repeat it's two times rejection at that resistance
META - A promising breakdown I was really hoping META could hold the 172 - 173 support which was also a merge of different EMAs but it gapped down much like other stocks today with high volume. the 155 - 158 level has been a great level for me with a target of 170 and it comes from a long term support (from 2019) you can draw on the weekly/monthly chart. Let's check this out in a few days when the RSI cools down a bit more.
