Schaeffer's Options Center
Sponsored by:
Schaeffer's Daily Option Blog

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)

.
Most

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.


permalink

Featured Brokers
ADVERTISEMENT
Unusual Option Volume
Option Flow
ADVERTISEMENT
Most Active Stocks
Most Active Option Strikes
Largest Open Interest

Partner Center

© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.