META Trade Update

Hey traders!

Last week, I posted a setup in Meta Platforms (META). Since then, this setup has taken off and met multiple price targets.

I took 45% profits on the butterfly I shared yesterday, but I still think this name has more upside. In my case, I had a butterfly targeting $340, so with META passing that target, I took mine off.

If you’re still in or want the following price targets, check out the video below for a Monday video update.

Click here to see my previous video from December 11th, when I first signaled to buy the dip in META.

Up Next...

Welcome to September

September is here, and its entrance is dashing hopes that September seasonality came early. As of this writing, the Nasdaq futures are down 2.25%, and the S&P is down 1.37%. What’s interesting about the summer pullback is that semiconductor and technology stocks led it lower. This is critical to mention because these are typically the … Read more

Trading Earnings Induced Short Squeezes Using Butterflies

Trade Review I love using butterflies for low-cost earnings trades! This low-risk trade cost me $155, and I traded this ticker directly to my target overnight, making a triple on my debit. This earnings trade in CHWY had the following: Pre-earnings short squeeze candidate A ticker with an earnings turn around story Extremely low risk … Read more

Trading Earnings Induced Short Squeezes

Earnings reports can provide trading opportunities, particularly when stocks with high short interest, such as Gap (GAP) and Peloton (PTON). I joined Dominic Chu to discuss my short squeeze trade in PTON, a potential reversal in Paypal (PYPL), a pre + post-earnings trade in GAP, and my pessimistic take on NKE.