$META it was fun while it lasted. Sub $300 coming soon.

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.

코멘트:

So far, spot on. Let's see if earnings furthers the move lower or if we see one more spike to mark the top.

코멘트:

Going to add to my short position tomorrow pre-earnings.

코멘트:

A failure to break $510 is the trigger short.

코멘트:

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.

코멘트:

If we get a big bounce before end of day back to range highs, it'll make me take a short.

코멘트:

Ended up taking some lotto tickets 4/26 $400. Happy to lose it if it doesn't play out.

코멘트:

Welp, the lotto tickets likely to play out now.

Charts tell the truth.

코멘트:

Don't get caught in this move up. We're still heading lower.

코멘트:

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.

코멘트:

lol so far the comment marked the top. Up 15% so far.