Great article, would you like to share it?

@Terra_Incognita
$Meta Platforms, Inc.(META)$ META: bought in anorher 100 shares of META at $700 as part of short put being assigned in the pre market. The underlying short put was with strike at $700 so it's deep in the money at current price of $627. Taking about 10% paper loss at the money so I'll likely turn this to covered call. For now have to wait a bit for price to recover as it's too far to collect anything meaningful. With this quite far out from $700, premium will be low for selling call, yet, will be waiting for price to recover if any. Got to be patient on this one after its poor recent earning that resulted in current weakness.
$Meta Platforms, Inc.(META)$ META: bought in anorher 100 shares of META at $700 as part of short put being assigned in the pre market. The underlying short put was with strike at $700 so it's deep in the money at current price of $627. Taking about 10% paper loss at the money so I'll likely turn this to covered call. For now have to wait a bit for price to recover as it's too far to collect anything meaningful. With this quite far out from $700, premium will be low for selling call, yet, will be waiting for price to recover if any. Got to be patient on this one after its poor recent earning that resulted in current weakness.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet