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Call buyers make bet on Facebook

Traders are hoping Thursday that a small bet on Facebook ( FB ) will pay off big. So far, 2,931 contracts of the Nov. 245 call have changed hands, against open interest of 859 contracts. Pricing on today's trades point to these new contracts being bought to open.

InvestorsKeyhole Trade Alert

IK-> The technicals for FB ($165.69 up $2.64) are bearish with a sideways trend. The stock has support around $160. Look at the Oct. 145/150 bull-put spread for a 25-cent credit. That's a 5.3% return and the stock has to fall by 9.5% 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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