Set a Limit Order to Exit Your Meta Platforms Inc. Puts

Plan your exit with a limit order.

Owner's Manual Set a Limit Order to Exit Your META Puts Meta Platforms Inc. (META) made a bullish breakup through resistance last Friday. This was great news for our portfolio as it sent the value of the puts we sold tumbling lower. However, as the stock is pulling back as we head into the volatility of earnings season later this week, we think today is a great time to take profits off the table. Buying the puts back before expiration will allow us to keep about half of the potential profits while avoiding the risk of exercise in late April. That will free up additional capital that can be reallocated to a new position in the short term. We recommend you... Buy to close the META Apr. 26, 2024 $480 Puts (META240426P00480000) with a limit order at the current price. At the time this alert was written, the puts were trading for $9.80. For traders who entered a short vertical put spread, we recommend the following... Buy to close the META Apr. 26, 2024 $480 Puts (META240426P00480000) with a limit order at the current price. Sell to close the META Apr. 26, 2024 $460 Puts (META240426P00460000) for the highest price available. Charging Forward with A.I. On Our Side Timing is everything when it comes to these trades, so head to your app store now, download the free TradeSmith app, and enable push notifications… because the next great trade is right around the corner! To view the entire Predictive Alpha Options portfolio, please click here. Sincerely, John Jagerson & Wade Hansen Analysts, Predictive Alpha Options P.S. For any questions or concerns, check out your brand-new Frequently Asked Questions page, which you can access here. Otherwise, reach out to or contact your Customer Concierge Team at 866-385-2076 or JohnandWade@tradesmith.com Monday through Friday, 9:00 a.m. to 5:00 p.m. ET. Our dedicated team will be glad to assist you. 866.385.2076 | support@tradesmith.com ©TradeSmith, LLC. All Rights Reserved. You may not reproduce, modify, copy, sell, publish, distribute, display or otherwise use any portion of the content without the prior written consent of TradeSmith. TradeSmith is not registered as an investment adviser and operates under the publishers' exemption of the Investment Advisers Act of 1940. The investments and strategies discussed in TradeSmith's content do not constitute personalized investment advice. Any trading or investment decisions you take are in reliance on your own analysis and judgment and not in reliance on TradeSmith. There are risks inherent in investing and past investment performance is not indicative of future results. TradeSmith P.O. Box 340087 Tampa, FL 33694 Terms of Use Privacy Policy To unsubscribe or change your email preferences, please click here.