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.
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The growth in recent months is really enormous. On the other hand, the stock is catching up with the earlier declines and is slowly regaining the limelight. Unless they sink all the money in Reality Labs and can profit from it gradually, this will be a good stock. But it's pretty expensive now.
📢Today, $META will report its results after the close of the markets. According to analysts, the company is struggling with weak demand for advertising, which has caused the company's revenues to stagnate. Analysts here are expecting revenues of $27.7 billion, which will mean continued stagnation.
So what's your take on this company? Do you think all the growth has been...
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That's great, how exactly does that work?