Is Meta’s Stock Overpriced Ahead of Earnings?

Meta (META) is set to release its earnings on October 30th, after the market closes. The stock has seen a remarkable 64% gain year-to-date, but without clear insights into supply growth, the question remains: can the Metaverse continue to drive results?

Currently, Meta’s stock has come off its recent high of $603 (hit on October 7th), down 5% since then and has returned right back to its all time highs the day of earnings. While the stock is still trading at elevated levels, key demand zones begin below $550. For investors, this area might offer a more attractive entry point should the stock experience further drawdowns.

Key Takeaway: If Meta’s stock pulls back below $550, it could be an opportunity to consider, especially for those seeking a better valuation in a high-growth space. Keep an eye on earnings, as they may provide insight into Meta’s ongoing Metaverse strategy and future growth potential.

Trading Considerations for Meta Earnings:

• Sell the 530/525 Vertical Put Spread

                                 or

• Sell the 515/510 Vertical Put Spread

For Those Wanting to Own Meta Stock

• Sell Cash Secured puts at 545 or below

The trading opportunities mentioned are informational and not intended as personal financial advice, conduct your own due diligence, all trades involve risk, there is no guarantee of ROI, a potential loss of capital exists with any trade. The body content of your post goes here.