Up 22% This Week on FB call option…

Facebook, now called Meta Platforms, dipped hard on the news that a whistle blower is coming out with damning information about the company.

Let’s look at the dip…

I bought a call option for $4186 when FB was trading around 325 per share. I chose a 300 strike price and a 2/18/2022 expiration. I now control 100 shares of FB (currently valued at $34,100) for a little less than $4200. I personally love the call option (if you don’t understand options then do yourself a favor and take my options course).

Here is my thought process…

Facebook has billions in cash and I believe social media is not going anywhere (this doesn’t mean the share price can’t go much lower).

Am I a super big fan of social media????….not at all. Do I care about my financial well-being??..absolutely. Hence I am long FB.

I expect FB stock to get back to the 360s in a few weeks. If it doesn’t then no big deal. I will hold to till expiration and perhaps lose my entire $4186.

If the stock gets to 360s I will sell the option and pocket an incredibly nice gain. Mind you I also own shares of Facebook for the long-term.

If FBs share price dives lower I will most likely buy some shares and buy another options contract (either way I plan on winning in some form or fashion on the FB dip..even if it goes lower).

I will keep you updated on this trade.

It’s up about 23% thus far….

If you are new to options then I strongly recommend you go through “Options Made Incredibly Easy.” This audio course is over 35 chapters long and is incredibly robust. Every investor should know how to use these powerful tools in order to mitigate risk and maximize returns.

This course is currently marked down from $500 to $299 for the month of November!

Take action and become empowered…

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