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Most Active Options Update: Facebook Inc (FB)

How one Facebook Inc trader upped the bullish ante

by 1/7/2014 2:06 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)


Facebook Inc is following in the bullish footsteps of the broader equities market today, with the shares up 1.2% at $57.88. The equity's withstanding technical tenacity convinced one speculator to readjust her bullish position in the February series of options.

Earlier, a massive block of 60,126 February 57.50 calls changed hands above the ask price, signaling the position was most likely purchased. Meanwhile, two blocks of February 55 calls, totaling 60,126 contracts, simultaneously went off at and below the bid price, suggesting they were sold. Trade-Alert backs the theory of buy-to-open and sell-to-close activity. Simply stated, this trader rolled up her bullish bet, with the belief that FB can rally north of $57.50 by the close on Friday, Feb. 21.

Fundamentally, this is a time frame that includes the company's quarterly earnings announcement. Facebook Inc (NASDAQ:FB) has enjoyed moves to the upside in the session following each of its last three reports, and today's speculator could be hoping for more of the same. For FB's fourth quarter, Wall Street is calling for a per-share profit of 27 cents -- a 10-cent improvement from its year-ago results.


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