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

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.

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.

A community member's personal view, not investment advice. Community Guidelines

MW

That's great, how exactly does that work?

BC

Really nice and you deserve respect.

CM

Good job.👍

AG

Great job!🙏

VR

Nice 😍😇

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