TikTok lifeline bad for META đŸ˜”

Use your brain in trading to connect the dots

December 28, 2024

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*together with Altucher’s Investment Network

Hey Folks, it’s Jeff Bishop here. 

This week was relatively light on trading for me. I have been taking a much needed vacation with my family 🌮.  

However, when you have your own business, you’re never really “off”? Can I hear an AMEN from all those small business owners? 🙏

I did manage to put some good plans out there this week, including Thursday’s target for META puts.  

This is what was in my premium members’ inboxes:

Now I know most people like to root for a stock to go UP - and in this overheated market, the tendency for stocks to rise has been more likely the case.

I mean, who in their right mind would want to make a bet against one of the biggest tech stocks in the world during the unstoppable “Santa Rally”?

I did.  

It takes some nerve to bet against the Market.  However, here was my reasoning (excerpt taken from my email to members):

From Thursday’s email to members: 

Today, I am going to go with one of the bearish ideas I have been waiting on.

This stock has been on a rally because TikTok was planned to get banned in the US in a few weeks.

Well, it looks like TikTok will get a “stay of execution” from Trump, and maybe they will find a way to permanently avoid removal from US phones.

That is a huge natural enemy for META, and it is not great for their long-term growth.  I think the stock will be one of the weaker ones for quite some time, and possibly even have a selloff before the end of the year.

My top idea for today is to buy (META) puts.

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below


My Trade Plan Details:

  • META Jan 3 $590 puts near $3.00

  • Stop: META closes above $610

  • Target 1: $592

  • Target 2: $580

The email went on to discuss a little more of my strategy and my plans for trading META.

I’m sharing this with you because this is a very typical email that I send out to Bullseye members.

So how is that trade plan working out?

Well on Day #1 those puts were up over 200% – which is an INSANE move for one day đŸ€Ż.  

And it’s always nice to get a nice shout out from members while I’m enjoying my time at the beach:

Feed those DUCKS on the way up as we say!  

Don’t get too greedy if you’ve made a nice little sum in just a few hours ✅.

Listen, I will be back in the hot seat on Monday – and I’m refreshed and ready to put out my LAST Bullseye Trade Plan of the YEAR!

This includes my TOP trade idea of the WEEK, my trading reasoning behind it (I’m not just throwing darts at a board), and my LIVE trading session and market rundown every Monday at 11AM EST.

The only question remains if you will be on my list to get it!

See you on Monday!

Jeff Bishop

P.S. As always, for questions about any of our services, contact our amazing sales team at 1-800-585-4488 / [email protected]. They’d love to hear from you!

*together with Altucher’s Investment Network

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