Selling our META call contracts.
After a hotter than expected inflation report, shares of META are moving lower. The stock is now very near our $155 strike price.
Thankfully, buying in-the-money call contracts with extra time premium works in our favor.
The call contracts have retained a significant amount of value even though shares of META are trading lower.
We’ll go ahead and close this position out for a loss today.
Meanwhile, Our bear plays for AMZN, CVNA and TSLA are helping to stabilize the overall model value.
I’ll keep META on our watch list for now. The company still operates a valuable social media platform and generates reliable profits.
But for now, the trend is lower and META’s rebound was cut short by the hot inflation report.