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META wheel watch: $550 put leaves a 9.0% cushion
The September 4 $550 put offered a $10.18 reference credit and a 9.0% breakeven cushion at 11:56 a.m. ET. META is bouncing after earnings, but price remains below all three key moving averages and spending pressure is still visible.
META wheel watch: $565 put leaves a 14.1% cushion
The August 21 $565 put offered a $9.20 reference credit and a 14.1% breakeven cushion at 3:38 p.m. ET. Earnings are expected inside the contract, while 53.15% put IV signals event risk rather than safety.
META wheel watch: $600 put pays 2.45% before earnings
META’s August 21 $600 cash-secured put offers a 13.4% breakeven cushion and a 2.45% maximum return on reserved cash. Earnings arrive inside the contract, so the lower delta and $555–$565 support zone matter more than the rich implied volatility.