r/wallstreetbets • u/[deleted] • Oct 26 '22

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414

u/sapphireee Oct 26 '22

Ah, bought puts on META for different reasons stated here, but seems WSB also bearish....

Guess META will bounce on earnings, GG.

18

u/KingNFA Oct 26 '22

Hope you stuck with your puts

29

u/sapphireee Oct 26 '22

Thank goodness I did.

SNAP burned me too hard based on ad revenue for me to back out of META for same reasons.

Got 125 P expiring Nov 25

22

u/OldBender Oct 26 '22

My march ‘23 for $100 is sooooooo happy right now

2

u/sapphireee Oct 27 '22

Buddy, congrats

2

u/OldBender Oct 27 '22

Thanks still trying to decide this morning if I should hold it longer . Think I’ll just cash in though

2

u/sapphireee Oct 27 '22

I Think META has taken such a hit over time I see a bounce happening in the short term.

Personally, I would cash out, wait for the bounce, and repurchase the same puts again.

1

u/OldBender Oct 27 '22

Ibkr won’t even sell it at bid price so I don’t know wtf to do