META is holding up and expected to move higher by year-end; supports adding a long-term bull put spread position.

But you get into trouble sometimes. you get into trouble, especially on these like zero DTE options. Like I had a bad day a couple weeks ago on Meta where it just kind of turned around and I was buying options and the premium was falling out.

I was out of the money and they'll go to zero. So definitely have to be careful with that for sure.

Meta down a little bit,

Let's go to one of your favorites, Meta. Right. So, Meta's holding up. Meta. I want to add Meta to my portfolio. I I want to put on a trade. If I wanted to sell a put in Meta and make that my second trade in our portfolio, my I have a benzing of one portfolio, which so far we just have SoFi on.

I want to do like long-term meta bull put because You know, I I like that. And I would say if you want to get some premium, can you tell I do a lot of talking about this one?

Nope. No. Okay. Um, we want to go to March and let's see where the wall is there. Five. 665 is the wall. That would be the put I would I would choose for March. Where did you go out to?

Next March. Yeah, March gives you about six months. Okay. Um and the discount is it's 5%. And you would do the 665. Mhm. Because that's where the port wall is.

Okay. And then what would be if we were doing we would want to do it as a spread. Oh, if you want to do it as a spread, um, you know, you could do the 665. I don't know. How much risk do you want to do you want to acquire meta?

Well, I'm doing this for the benzing audience group. And I always assume that the audience does not want to buy a $700, $600 stock. Yeah. Okay. So, [snorts] I would do the 665 655 bull put spread.

Um, yeah, I like that. I like that. You know, it's it's interesting. Um, yeah, we're not going to acquire, but that's a good riskreward that we could take off. That goes out a long time.

So, if your thought is I like meta, it's going somewhere. Yes. I'd rather do the end of the year, though. I think by the end of the year, it's going to go somewhere.

Maybe like if I was doing the December. Let's see where the wall is there. Let me look for it. It doesn't really show very well. Yeah. Where's the Where's the December wall? Yeah, let me let me find it for you.

December I I'm going to guess the wall is going to be between uh 690 and 650. So you're probably going to find the wall around like 675. The wall there, the wall for December is 720.

Oh, 720. Yeah. Yeah. Yeah. So, let me see what the boulevard says on that one, cuz that feels really close.

well, I'm going to take it. So, I'm going to take that information and we're going to go and we're going to look for this trade. We're going to go for the December 18th 675. Sell the 675 put, buy the 665 put, risk $675 to make $325 with a 69% probability of profit.

Yeah, which is that that looks fair because that number that you just picked is where the high of the highest volume bar of the last year is sitting right at that number. So that's a good one.

All right. So So watch this. Ready? We're go here. We're going to replace it with our portfolio for our second trade ever. And first one's already working. Now we're adding the second one.

This is exciting. We just turned this into exciting day, guys, because we are making a trade in our portfolio. Trade number two, if you if you're following along. So, we're going to sell a put in Meta.

We're going to go quantity one because we're just slowly building this portfolio. And the expiration is going to be December 18th. I'm not going to do this trade because I don't know what the conflict rules are.

So, I'll just But I believe in it. 675. The price we're going to ask for is 325. So, we're going to be a little patient. We're asking for a little more than we can get right now.

And then we're going to buy puta 1 1218 665. Okay. And I just put in the price is 325, which is a difference.

You know, we're selling the 22 and change. We're selling the 675 for 22 and change. We're buying 665 for 19 and change. So, the difference will be 325. Um, and that will be our second trade ever in the in the Benzinga portfolio. Now, we have two trades on.