Articles tagged with META

Opposite George Week: Expect The Unexpected
Earnings Beats Digest

One of the most popular features of our service is our Monthly Max Pain report and related research. It's become so popular, in fact, that we launched a separate service for it this past weekend. If you didn't see it or haven't signed up, you might want to consider it as it's extremely affordable. We have two stocks on our February list that have over $1 billion of net in-the-money call premium after the huge runup in prices that we saw during January and into early February. That is a TON of money sitting on the table for market makers. One of those two stocks is Meta Platforms (META) and it's already dropping to wipe out February monthly call options:...keep reading

Familiar Name Is Turned Away At Resistance
Earnings Beats Digest

It's been a very rough year for many stocks, but few have been beaten up as badly as Meta Platforms (META, formerly Facebook). META hit a 2002 high on January 4th at just above 343. Ten months later, on November 4th, META reached its low at 88.09. That's nearly a 75% haircut in less than a year. Ouch! META's latest miscue came as it reported its Q3 quarterly earnings. After coming up significantly short of its EPS consensus estimate and issuing a Q4 warning, META gapped down, taking out its previous price support of 123.53. Despite its weakness in early November, META staged a rally, reaching a high close of 123.49 last Friday. Unfortunately, that's where its current advance ended....keep reading