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Call buyers like Facebook

Option traders are piling into positions on Facebook ( FB ) Thursday. In particular, the November 195 call has seen 6,196 contracts move today, against open interest of 778. A single trade accounted for 6,000 contracts and based on its price, it seems to have been a big buy-to-open order.

InvestorsKeyhole Trade Alert

IK-> The technicals for FB ($171.42 up $5.79) are bullish with an upward trend. The stock has support about $166.00. Look at the Sept. 150/155 bull-put spread for a 37-cent credit. That's an 8.0% return and the stock has to fall by 9.6% to cause a problem. [InvestorsKeyhole, various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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