Meta's Q3 earnings delivered 26% revenue growth to $64.6 billion, driven by advertising strength and early traction for its Muse AI personal agent, which reached over 10 million users quickly. However, shares fell nearly 7% to around $642 after the report as negative free cash flow from raised 2026 capex of $135-145 billion highlighted heavy AI infrastructure costs, alongside a new non-voting share class and a large legal charge. With only days left until October 31, trader sentiment for closing above the strike reflects tension between proven ad gains from AI tools and near-term cash flow pressure, with limited additional catalysts expected before month-end.