Our FB (Meta) September 16, 2022 $240 Calls have hit $6.65 today.
We bought these at $3.50 when poor SNAP earnings caused an overreaction in all tech stocks taking them all down including Meta. It’s bounced back as expected. You have a 90% gain if you sell now. Looking at the time and sales all day and the chart of the stock, I’m holding to see if we can reach that $210 level and get us closer to that $10 option price.
You’ve seen the market go up and down by 1% or more almost daily. We have until September expiration, but if you don’t want to risk overnight news then go ahead and take your gains now. Or better yet, sell one and keep one.