$META it was fun while it lasted. Sub $300 coming soon.

META had a good run, but now that run is coming to an end.

I started buying puts today when price was at $524. I bought 6/21 $300P. There's a chance price could break the current highs, but it wouldn't change my bias.

I think starting later this month, we're going to start to see a large move down in META.

Overall, I think there's a possibility that price goes down below where it was in 2022 at the $78 level for a final bottom. I think it's also possible that it could play out this year.

All that said, let's take things week by week from here. I'll probably buy some lottery tickets that expire end of year just incase the most bearish scenario plays out.

Good luck to bulls from here on out. It's not going to be pretty.

تعليق:

So far, spot on. Let's see if earnings furthers the move lower or if we see one more spike to mark the top.

تعليق:

Going to add to my short position tomorrow pre-earnings.

تعليق:

A failure to break $510 is the trigger short.

تعليق:

So far it's playing out, but I'm not going to take a position for earnings. Will wait to see what happens. I would've preferred price action staying positive until the bell, I don't like that the move higher has already been faded, which makes me think there might be a positive reaction to earnings.

تعليق:

If we get a big bounce before end of day back to range highs, it'll make me take a short.

تعليق:

Ended up taking some lotto tickets 4/26 $400. Happy to lose it if it doesn't play out.

تعليق:

Welp, the lotto tickets likely to play out now.

Charts tell the truth.

تعليق:

Don't get caught in this move up. We're still heading lower.

تعليق:

Bought some fresh puts bc "Slickz94" thinks we're going to $500 in a few weeks, which tells you all you need to know about sentiment and a lack of understanding of the chart.

Purchased: $420P for 5/17 for $.22

Let's see how close to the top his comment ends up being.

تعليق:

lol so far the comment marked the top. Up 15% so far.