mster
10-06

$Meta Platforms, Inc.(META)$  

META Update: Gap Filled and Looking for a Reversal

META has been trading sideways for over two months. The stock gapped up following its last earnings report, reaching a new all-time high (ATH) of $796 shortly after. Since then, META has struggled to break above that level and has pulled back roughly 10% from its highs — recently filling the gap created after the earnings jump.

With the gap now filled, I’m anticipating a potential reversal back to the upside — unless broader market weakness drags META lower along with it.

Over the past couple of months, I’ve been selling covered calls to hedge against META’s flat momentum. All my strike prices have been set above the ATH, so those contracts have consistently expired worthless, allowing me to keep most of the premiums collected.

While I do expect META to recover from here, I don’t anticipate an aggressive move higher in the near term. I’ll continue employing the same strategy — selling covered calls above resistance — while holding my core position as META continues to grow fundamentally.

# Winning Trades

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  • Valerie Archibald
    ·10-12
    Ive been waiting for it to come down to $705. I sell next week at $730

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  • Norton Rebecca
    ·10-08
    Gap filled = key support hit! Bet META bounces back; hold core, skip deep OTM calls now!
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  • Maurice Bertie
    ·10-08
    META filled the gap! Keep selling calls above ATH,premiums stay ours if it trades sideways!
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  • Venus Reade
    ·10-12
    There will be a selloff in the morning on Tuesday. That's the time to buy.

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  • Trevelyan
    ·10-07
    Great insights! Love your strategy here! [Heart]
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