META was previously only a two-way trade and shorted after July earnings, but the Muse AI announcement changed the entire narrative and made it the AI leading trade. The speaker owns META, remains focused on it, sees more to come, and flags earnings next week as a key focus.

My example for today is Meta Meta I got a huge rerating uh recently and it's it's a completely different story now uh you know so back in July this is just to show show some some historical prices you and Kira were buying Meta in the mid600s you were buying it earlier than that earlier in the summer in the lower 600s etc but I'm just giving some examples here 656 to 684 28 points uh in a in a two-day time span on Meta All right.

So, in the in July, it was it was a it was a stock worth trading, but it was a stock worth trading both ways. Meta was being shorted by Kiara and Rick after earnings back in July at the end of July.

Uh, you know, caught a 20 point short here post earnings. So, you know, it wasn't the story that it is now. And then Meta announces its Muse AI agent uh that can get it done for you.

According to Zuckerberg, Meta could or Meta's muse could do anything and everything for you. And you said to the room, "This changes the the whole story. This changes the entire narrative for this stock."

Um, you had bought calls. So, this announcement was on September 8th. You bought calls after the announcement. Um, and you trimmed them a little bit. The next morning, they were up 159% post announcement.

$8.50 50 to $22 overnight on those calls and you were also long

so people know I also own meta too but what we're trying is knowing that not everyone's a seven figure account and not can just go out and buy a thousand shares of Meta. How can more people in a conviction idea? So, we'll we'll use an ultra or an option, etc.

For sure to give all the accounts in the room an option to be able to participate and when it works, man, the ultra can work. And so, you know, a 13% move on the the stock on Meta is a 26% move in the Ultra.

That works out nicely. Then the Meta Connect conference came in late September 23rd through 24th and we got more details from Zuckerberg on what Muse remember what happened here when you're ready because I can tell and not just what Muse was but also what all the different ways they were going to use Muse with wearable AI and all of these things in their name Meta and then uh so you bought Metu again.

there's also calls that from this week as well. So meta has become a focus but yeah talk about what happened after connect because it was

well it's actually going into connect. So what I like is since I'm not a kid and I've been around 8 million conferences I know expectations get high. You often see a selloff. So I actually pointed to the conference being the opportunity to probably buy the stock.

Not the good news but the downdraft that might ensue and if not not because we're very light meta or flat I can't remember. Sure enough classic sell the news. Right. Right. There was the classic sell the news that I said things are great here.

Like this is the beginning of a much bigger move. We're going to buy it. And that I I just like to say we really plan around events. It's not just about earnings. You know what's a catalyst for a potential selloff, not just a move higher.

And on that that conference for us wasn't about hype and oh my god it's going to go higher. It's we'll probably sell off and offer us an opportunity to buy. I just wanted to mention that.

Yeah. And so that conference with the it started on the 23rd and you're right the stock went down uh throughout the day on the 23rd and by the 24th, the morning of the 24th, you can see you were buying 6:52 a.m. premarket, you said, "This is enough for me.

It's a good pullback. I'm going to get long here again." And you did. And by an hour after the open, you were trimming up 10% uh on the Metu. You've done a lot with Meta since then, but it's still been a focus that you were long these calls over the weekend.

So, you bought them last Friday, you got out of them this Monday morning. You bought them at8 under $9, $8.99. And um they hit a high of basically $16 Monday morning, later in the morning.

And you can see the screenshots from the chat there. Great focus on MetaDP. Thank you for Meta. Amazing positioning for the room. So again to you, the entire story had changed around Meta and the AI space and it became the AI leading trade.

Um, and you made that very clear to the room that this is where we need to continue to focus.

Meta is without a doubt another rerating story, right. like no one really had any faith that all this money that was being spent would add up to something that had any meat on the bone that you could point to that people were using and next thing you know everyone was talking about what they were doing with Muse and how it was actually affecting their life dayto day and that changed everything.

All right. Um and there's a lot to come up with Meta. Next week is earnings and that's going to be um you know I I'll get into that in a bit on on what's coming but just preview there meta earnings are coming up and you can bet the inner circle and David will be focused