When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.
Tech Alert - Meta Platforms, Inc. (META) – EXPIRATION AT MAX PROFIT
EXPIRATION of Meta Platforms, Inc. (META) July 2023 $270-$275 in-the-money vertical BULL CALL spread at $5.00
Closing Trade
7-21-2023
expiration date: July 21, 2023
Portfolio weighting: 10%
Number of Contracts = 25 contracts
Hard to believe I haven’t executed many trades in Meta (META) this year.
It’s on fire.
At the moment of this writing, our Meta bull call spread will end with maximum profits if META shares don’t crater by more than 6.5% in the next few hours.
I was handsomely rewarded for this aggressive trade that returned us 29.87% in 19 days.
The stock has gone from the ugly red-headed stepchild of 2022 to a stock that doesn’t go down in 2023
The stock has more than doubled and I see no reason for the stock to crater in the short-term with a plethora of tailwinds at its back.
The US economy has turned out to be far more resilient than anyone could have expected.
Consumers keep spending like there is no tomorrow and that is all good for companies like META who is a microcosm of the larger economy in itself.
Unless there is a black swan, I don’t expect tech stocks like META to tank in the
You don’t have to do anything with this expiration.
Your broker will automatically use your long position to cover your short position, canceling out the total holdings.
The entire profit will be credited to your account on Tuesday morning, July 24 and the margin freed up.
Some firms charge you a modest $10 or $15 fee for performing this service.
Here are the specific trades you need to execute this position:
Expiration of 25 July 2023 (META) $270 calls at………….………$22.75
Expiration of short 25 July 2023 (META) 275 calls at……..…….$17.75
Net Proceeds:……………………..…….……......................…..…….....$5.00
Profit: $5 - $3.85 = $1.15
(25 X 100 X $1.15) = $2,875 or 29.87% in 19 days
