$META absolutely ripped to $748.80 in after-hours then instantly dumped to $712.40. That's a $36 nosedive in basically an hour.
If you sold out-of-the-money cash-secured puts or put credit spreads thinking you were safe, you're about to wake up down 75-90% tomorrow. Fun times.
This is the kind of whipsaw that kills premium sellers who got greedy on strikes. One hour of glory, then reality hits. Welcome to earnings volatility.
If you sold out-of-the-money cash-secured puts or put credit spreads thinking you were safe, you're about to wake up down 75-90% tomorrow. Fun times.
This is the kind of whipsaw that kills premium sellers who got greedy on strikes. One hour of glory, then reality hits. Welcome to earnings volatility.