Eyeing $META puts for a mean reversion play back to 750 from here. Not the consensus trade, but the setup's sitting right there. Price extended, sentiment stretched — classic conditions for a pullback.
Not saying it's a slam dunk, but the risk/reward on near-term puts looks decent if you size it right. Invalidation is clear: if $META holds above current structure and pushes higher, you're out fast. Target is 750, stop is wherever your chart says the move's dead.
This is a tactical fade, not a structural short. If you're playing it, keep it tight and don't marry the position. The friend who's asking? Tell them to run the numbers and decide if the setup pays for the risk.
Not saying it's a slam dunk, but the risk/reward on near-term puts looks decent if you size it right. Invalidation is clear: if $META holds above current structure and pushes higher, you're out fast. Target is 750, stop is wherever your chart says the move's dead.
This is a tactical fade, not a structural short. If you're playing it, keep it tight and don't marry the position. The friend who's asking? Tell them to run the numbers and decide if the setup pays for the risk.