25 May 24
I’m finally out of META. I lost money on the entire stake but better than it could have been. My META net on the 2 different options was -$1464. Not my best showing, but it was good to buy the dip and prevent it from being -$3000. The dip buy didn’t exactly pan out when I sold on 23 May. They all can’t be winners can they?
7 May 24
Doing a quick update on my two options after owning them for 1.5 weeks. I have the META240816C00405000 which I bought after the dramatic dip, unexpected dip, after stellar earnings! I have my original pre-earnings report option META240719C00460000 which as been slowly climbing! The current total unrealized losses are $600. The 405 strike has been doing great with an unrealized gain of approximately $2000 and the 460 strike is at an unrealized loss of $2600. I still need several dollars of movement but I’m hoping the gains continue this week. We shall see…
28 Apr 24
I also decided to buy the dip! I bought a second META call option…I probably shouldn’t have but I did and it’s showing some slight improvement. We shall see because I have bought options about 3 months out so I have time.
25 Apr 24
META has a good quarterly earning showing this time around! Investors apparently weren’t happy with the announcement of big AI investing – which I find really strange! META dropped almost $70 after the report. Fundamentals don’t even matter! So I know await to see if it will bounce back!
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One response to “META 2024Q1 Earnings – Options Strategy Results”
[…] a Nvidia darling – VRT. My total net gain for this quarter to date is $5534. My only loss was META but it was offset by buying the dip so it wasn’t that bad honestly. I can absorb a thousand […]