Meta Stock sells off massive after terrible guidance

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[@thepixalking6589]

That's an interesting price action projection.
I'm going to set my vested interest/bias in META aside and consider what you said.
I'm long on META and at a big plus on META, but I have a LEAP that will be under water after earnings, so I'm looking at ways to leverage against it.
I'm trying to offset the loss of that LEAP, because I don't like to lose.

[@chrisdoeseverything123]

Ways I have recovered failed leaps is selling calls against it (1-2 weeks timeframe). If you are too deep however you might have to put collateral to cover the difference. Cheers.

[@MohammedAbdullah-ir9gn]

wrong title my friend

[@Christineperkins-uw8ow]

I love your channel 👏👏

[@TradersHelpingTraders]

Thank you so much for the comment!

[@aislius9200]

Their guidance is instead of being a high valuation company they decided to take 5b off net income and just say yeah we are only worth 540

[@JamesAnderson-lq8tf]

Meta can't keep going up at the rate it has done for the past year. It needs a break to consolidate for awhile. If Meta eventually goes all the way down to $340, that will be a drag on AI which will push down NASDAQ. Looking forward to Microsoft afterhours tomorrow after their report.