🧠 META Platforms (META) — Bull Put Spread Update
META’s Still Running — Take the Win or Let It Ride?
Position: 690/650 Bull Put Spread | 28 DTE
Status: +$915 Open Profit | +65.59% Return
💼 Trade Breakdown
Short Put (690 P): +$1,870
Long Put (650 P): -$955
Net Credit Collected: $13.95
Max Risk: $4.05 or $405 per spread
Current P/L: +$915
You're sitting on a 65% gain with almost a month left — and that puts you in a great spot. Whether you decide to hang on or book the win, there’s no bad move here.
📊 Chart Check
META’s been grinding higher with barely a pause. Here’s what stands out:
Price Action: Still in a strong uptrend, pushing new 52-week highs
10-day SMA (~$704): Still holding as solid support
RSI: 70 — elevated, but no signs of reversal
MACD: Bullish, but flattening out — worth watching
Stochastic: 89 — up there, but still trending
Volume: No red flags
The momentum is intact, but we’re a little extended. That’s why it makes sense to think ahead.
🧭 Trade Management: Two Paths, Both Solid
✅ Option 1: Close Now and Take the Win
If you’re happy with 65% profit and don’t want to sit through potential volatility, take it. That’s more than enough return on risk for a trade that’s done its job.
You’re not leaving a ton on the table, and walking away here frees up capital for the next opportunity. No shame in banking gains early — especially with IV at rock-bottom and time decay slowing down.
🔄 Option 2: Stay In, With a Safety Net
I’m personally holding for now — but with a plan.
Trigger to Exit: If META closes below the 10-day SMA (currently ~$704), I’ll close the trade and lock in profit. That’s my line in the sand.
Until then, I’m letting theta do its work. We’re far from breakeven, and the trend still favors the bull side.
🔚 Wrap-Up
This trade is a textbook example of “no pressure” management — you've got room to let it run, but enough profit to cash out if you want. Either way, you’re walking away green.
📬 Want Trade Setups Like These Sent to You Daily?
If you want to receive high-probability trade setups like these every day, straight to your inbox — along with technical analysis, strike price, and trade management updates — consider becoming a subscriber to The Options Oracle and start trading with an edge.
*Disclaimer: These trades reflect my own strategy and opinion, not financial advice.