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Most Active Options Update: Facebook Inc (FB)

Facebook Inc option players see a strong end to the week

by 12/31/2013 2:46 PM
Stocks quoted in this article:

The 20 stocks listed in the table below have attracted the highest total options volume during the past 10 trading days. Names highlighted are new to the list since the last time the study was run, and data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. One name of notable interest this afternoon is Facebook Inc (NASDAQ:FB).

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Considering Facebook Inc doubled in value in 2013, it's no surprise that calls have been preferred over puts in the stock's options pits. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), FB's 10-day call/put volume ratio of 3.08 ranks in the 79th percentile of its annual range, meaning calls have been bought to open over puts at an accelerated clip of late.

This call-skewed trend is continuing in today's session, with calls outpacing puts by a margin of more than 2-to-1. The most active contract thus far is the weekly 1/3 55-strike call, where the majority of the 11,304 contracts traded have done so at the ask price. Volume is easily exceeding current levels of open interest, making it safe to assume that a new batch of bullish bets has been initiated. Should Facebook fail to retake the $55 level by Friday's close, the most the call buyers stand to lose is the initial premium paid.

As touched upon, Facebook Inc (NASDAQ:FB) is sporting an impressive year-to-date gain, due in large part to the stellar run the stock has had over the past five months. After tagging a record peak of $58.58 on Dec. 24, the equity entered a brief period of consolidation, but has resumed its upward trajectory. At last check, FB was up 1.5% today to trade at $54.53.


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