Meta Breaks Support, Bear Put Spread Eyes $370 Gain on 7.2% Drop

On June 11, 2026, Meta Platforms stock broke below key support amid heavy distribution, shifting sentiment to cautious-to-bearish. Despite an EPS rating of 91, weak technicals are evident with a composite rating of 60 and relative strength of just 21. Traders positioned a July 17 bear put spread using the 535/530 strikes at a net cost of $130 per contract. The setup offers a maximum profit of $370 if META declines another 7.2% from current levels, with break-even at 533.70. The educational trade highlights downside risk rather than a momentum long.