Meta Platforms Inc (META)

[soccadoc]

You made the right choice. Never apologize, especially to yourself for taking profits. I am not convinced this has bottomed. Today's filling of the gap at 23.40 and test of the congestion level at 23.25 was pretty much telegraphed by yesterday's price action. Tomorrow is much more iffy as to how it will turn out. I bought weekly 24.00 put options today at .40 and sold at .60 when the gap filled. 50% is great any day. Yes I could have possibly made more as the premium price went as high as .72 but the price also could have turned against me just as quickly and my gains could have evaporated.

Tomorrow, the price will either test 23.91 or 23.25. There is no way to know which one though, so be glad you made $$ today and are on the sidelines when the day starts tomorrow.