META is an up trade ahead of Wednesday's earnings; the best case is Jensen stepping in to save the earnings, with a backstop in place.
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All right. Investors preparing for a massive week of third quarter earnings with the magnificent seven members Meta and Tesla taking center stage on Wednesday.
Uh, and then Meta is also 709, so above our strike.
The meta is a little bit different. We have the 675 665 put for 325. Um, and Meta is trading at 712, up a couple points pre-market, closed at 709 on Friday.
Uh what we would do here is if this came all the way down to 690, which it hasn't yet at that point, we would probably we wouldn't do anything with this, but what we would do was probably sell a call above it to protect ourselves, turning it into an iron condor spread.
Meta. Matt has had a good year. And by the way, you want to hear the craziest part about staying in the market and something like that? In order to catch this meta, do you know how long you had to be in the stock to capture this year's up move in meta?
Do you guys know how to do that? Do you know how many days you had to be in meta to capture this move? One day. one day. It went up over 80 points in one day. So the whole idea of you can't time the market, this meta move was one day.
Huge earnings week. Meta, Tesla, Netflix. Kmeta and Tesla rescued the NASDAQ this week.
What are we going to do? Meta up trade before earnings. The whole AI is a mystery of finance. I see best scenario for them as Jensen stepping and saving their ear. Any Yes, that's what I see too.
I see Jensen, you know, they have that back stop there.
Like what we did last week that was really exciting was we found a bunch of stocks um that made big moves at the open, right? We did SpaceX at the open, Meta at the open, ASML, which we didn't make money in, but it was a 70 point move. Meta at the open,
Meta below 700.
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