Trade call on Meta using LEAP options and DCA strategy

3 months ago

"Let's use Meta as an example. Now, I know that I told a lot of people that Meta would crush earnings. They did. And when I put this trade out, there was a lot of profit on the table many times before earnings. Up until the day of earnings, there was lots of profit. Anytime you're holding options for earnings, it's always a risk, especially a stock like Meta when it's buy the event. Now, granted, without the tax in6 billion, this stock would have run. And so, I guess you could say that Microsoft and Meta pulled back because it happened right when JP Morgan and the other analysts said that we could have a massive pullback and incited fear into the market."

The speaker outlines a trade call for Meta, emphasizing the use of LEAP options and a dollar cost averaging strategy. Despite the risks associated with holding options through earnings, he indicates that the pullback, triggered by analyst warnings and external catalysts, creates a buying opportunity.

Related Stocks