$META Options Strategy: Bull Call Spread 📊

Credit: N/A (Net Debit $645) | Max Profit: $355 | Exp: 2026-04-13

🚀 Strategy: Bull Call Spread

• Market View: Cautiously bullish after META's sharp rebound. Elevated IV (IV Percentile ~87.6%) favors defined-risk, short-dated strategies with controlled theta and vega exposure.

📜 Contracts:

• Buy to Open: 1x $META 2026-04-13 $620 Call @ $13.50 (Ask)

• Sell to Open: 1x $META 2026-04-13 $630 Call @ $7.05 (Bid)

💰 Financial Breakdown:

• Net Debit: $13.50 - $7.05 = $6.45 per share (x100 = $645 total)

• Max Profit: ($10.00 strike spread - $6.45 net debit) × 100 = $355

• Max Loss: $6.45 × 100 = $645

• Breakeven at Expiration: $620 + $6.45 = $626.45/share

🧠 Thesis:

Cautiously bullish on $META into April 13 expiration. This defined-risk debit spread profits if META trades above $626.45, with max profit achieved at $630 or higher. The short-dated structure minimizes vega exposure in this high-IV environment, while slightly positive theta offsets some time decay.

⚠️ Risk Management:

• Max Loss: Fully capped at $645 (initial debit).

• Plan: Monitor price action near $620-$630; consider closing early if META fails to hold $620 or if IV dynamics shift unfavorably.

⚠️ Disclaimer: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.