Starting Situation
Meta Platforms is my largest position by a wide margin after it’s price recently skyrocketed through the $300 mark. (More information about my current capital allocation can be found here)
It is therefore also the most important company to understand correctly and get right before the earnings as it has the strongest effect on the portfolio.
Options include holding the position or reducing it. A reduction would most likely be in the 10-35% range.
My current neutral price target is in the $325-$375 range but might be adjusted slightly or clarified based on our last-minute findings before the earnings date.