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]
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Originally published on InvestorsObserver.com