Replies to post #23022 on Meta Platforms Inc (META)

[vincen71]

I think FB is a very good company but I rather take my profit now and wait to enter at a lower price with more shares. I believe this will be at $50 range someday but not now. Just going with the market.

[HOVA]

No its defenatly not FB. But thanks to Syria we may get some mid 30s. I call that buying ops

[imiloa]

Agreed, u238. For anyone long FB, like u238, you should be fine down the road, assuming the Syrian conflict doesn't cause US and Russia to square off again.

I took profit on my call today due to Aug30 expiration.
Was expecting FB to run to $43-45 by end of week, so that's frustrating.

But war is a far more serious issue than a few missed profits.

I did add some cheap Sep06 $39 puts this morning when I saw the Syria news, and they are already up nearly double.
This is the kind of chaos where options trading really pays off.

But, as before, I take no credit for profiting on my put spread this week, as I had expected FB to retrace due to inflated P/E and overbought chart, not a possible outbreak of war that will probably be hyped as the harbinger of WW3 in a hyperbolic news feeding frenzy today. (the pathetic reality of modern shock and awe "journalism.")

From another angle, if the war drags out, it might actually be bullish for FB.
Given the role of social media in the Arab spring, FB might get a boost as Syrian citizens sneak out bits of video, audio, and text updates from within the war zones, and those tidbits get splattered around FB via sharing.