(Not financial advice)
Leave a comment if you agree or disagree.
I'm expecting this 100 week sma to break.
We've pressed on it multiple times already and META is showing relatively higher weakness than the other Mag7 stocks this morning.
The next support is the 150 week sma which coincides with the white trendline support.
This is a high confidence move and I am holding puts on META.
I will be closing them around that $530 mark, and think it's reasonable to expect a bounce from that level - even if it eventually fails to the downside.
Good luck everyone!
Leave a comment if you agree or disagree.
I'm expecting this 100 week sma to break.
We've pressed on it multiple times already and META is showing relatively higher weakness than the other Mag7 stocks this morning.
The next support is the 150 week sma which coincides with the white trendline support.
This is a high confidence move and I am holding puts on META.
I will be closing them around that $530 mark, and think it's reasonable to expect a bounce from that level - even if it eventually fails to the downside.
Good luck everyone!
Note
03/14/2026 "Meta plans cuts up to 20%+ of workforce to offset heavy generative AI spending, including big data‑center investments and recent buys Moltbook and Manus; timing not set."
BEARISH
Trade closed manually
I closed my META puts today for a nice profit. This was a BUMPY ride, but it paid off!!!
Note
Literally perfect. Although I feel like an absolute bonehead for closing my position mid-day yesterday, Lol... It's crazy when you make money, but feel bad because you see what you could have made. So silly.Anyways. Perfect.
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.