META Buy and Hold Setup

META

Meta Platforms stock stoped the downtrend, after The Wall Street Journal reported that Facebook's parent company plans to begin large-scale layoffs.
The layoffs could be the largest in a spate of tech job cuts following the industry’s rapid growth during the pandemic, with Twitter, Stripe and Lyft among the companies also reducing headcount. On a long term view this can be an interesting price for an investment.

So here an trading setup for stock and option traders:

The idea is to place one Stop Buy Order at 105 $, so when META will move in direction to gap closing we can participate from this move. If the price will go down to 80 $ I also place a stop limit order to catch a lower entry price. You can also do this when you sell a put option for the Strikeprice of 80 $. This brings you revenues of 3 % for a duration of 2.5 months.