Immediately after the market opened I closed my position on $META+5.9%

It was a buy from last night - a strangle (option strategy - you buy one call and one put). To make a profit on this trade, there has to be a really significant move in the stock.

Given that Meta stock opened at a plus 14% after the beat, that was enough to give my position a 300% appreciation.

Meta

META

$539.91 $29.95 +5.87%

Capital Structure

Market Cap

1.4T

Enterpr. Val.

1.4T

Valuation

P/E

31.1

P/S

9.6

Open $511.60

Day range $511.60 - $540.86

52 week range $274.38 - $540.86

These earnings over earnings trades are very risky and speculative, but with such a positive RRR (Risk Reward Ratio) it was worth it for me to try a third time. The previous 2 quarters I did the same thing on Meta and the appreciation was also higher due to larger moves.