META had a good run, but now that run is coming to an end.I started buying puts today when price was at $524. I bought 6/21 $300P. There's a chance price could break the current highs, but it wouldn't change my bias.
I think starting later this month, we're going to start to see a large move down in META.
Overall, I think there's a possibility that price goes down below where it was in 2022 at the $78 level for a final bottom. I think it's also possible that it could play out this year.
All that said, let's take things week by week from here. I'll probably buy some lottery tickets that expire end of year just incase the most bearish scenario plays out.
Good luck to bulls from here on out. It's not going to be pretty.
ノート
So far, spot on. Let's see if earnings furthers the move lower or if we see one more spike to mark the top.ノート
Going to add to my short position tomorrow pre-earnings.ノート
A failure to break $510 is the trigger short.ノート
So far it's playing out, but I'm not going to take a position for earnings. Will wait to see what happens. I would've preferred price action staying positive until the bell, I don't like that the move higher has already been faded, which makes me think there might be a positive reaction to earnings.ノート
If we get a big bounce before end of day back to range highs, it'll make me take a short.ノート
Ended up taking some lotto tickets 4/26 $400. Happy to lose it if it doesn't play out.ノート
Welp, the lotto tickets likely to play out now.Charts tell the truth.
ノート
Don't get caught in this move up. We're still heading lower.ノート
Bought some fresh puts bc "Slickz94" thinks we're going to $500 in a few weeks, which tells you all you need to know about sentiment and a lack of understanding of the chart.Purchased: $420P for 5/17 for $.22
Let's see how close to the top his comment ends up being.
ノート
lol so far the comment marked the top. Up 15% so far.ノート
Bought 4400P for 5/31. Think the move should play out by end of month, but June expiration might be safer for those wanting to play the downside.ノート
Closed my position. Going to reopen next week. Think the move down likely happens next Thursday. Chop until then.ノート
Still think the top is in for META but I don't think the fall will truly begin until July.I do think there's one more low to be put in the beginning of June, then we'll likely rally back to the highs, setup a lower high, then the real fall will begin from July onwards
ノート
Added the put position again. 6/14 4400Pノート
Nothing has changed on the chart, price is still going to head lower. I'll admit I got the timing of the next move down wrong, but it doesn't change the structure of the chart. Even with this move higher, price has just set a weekly lower high.I bought 50 1/17/25 $150P so I don't have to worry about short term moves.
Will just sit and be patient in those.
ノート
Added a lot more puts:40 META 08/16/2024 310.00 P
5 META 08/02/2024 385.00 P
100 META 10/18/2024 200.00 P
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。