FB metaverse sell-off

[dennisgorelik]

FB fell 21.58% from $323 at market close today 2022-02-02 16:00 to [$249.05 bid ... $249.25 ask] now (20:32)
Most of the fall happen in the first 3 minutes.
FB did not see $249.05 price since January 2021 (for 13 months).

FB fell because Facebook "Earnings per share" missed analysts expectations by 4.5%:
===============================
https://finance.yahoo.com/news/meta-q4-earnings-2021-161355797.html

                                      Actual  Expected
Revenue                               $33.67B  $33.4B
Earnings per share                    $3.67    $3.84 
Ad revenue                            $32.6B   $32.5B
Facebook monthly active users         2.9B     2.9B
Meta app family monthly active users  3.5B     3.5B

===============================
I think market overreacted about this Facebook miss.
But it is possible that investors were already nervous about this "Metaverse" transformation of Facebook.
My interpretation: Facebook spends more in order to grow faster.
Investors, probably, do not like that risk of fast growth of unproven technology.

Especially, considering, that the Fed plans to raise interest rates in March 2022 (about 7 weeks from now).

What do you think: would it be reasonable to buy FB call options in the morning?

FB at-the-money CALL options that expire in couple of days (FB220204C250) sell at 1076.45% Implied Volatility [70.90 bid ... 75.50 ask]
Such high level of Implied Volatility is comparable with Implied Volatility of GME at the height of the meme craze.