Facebook, Inc. (FB) Bulls Grow Ambitious Ahead of Earnings

Facebook Inc (FB) calls are popular once again

Josh Selway

Apr 21, 2015 at 2:29 PM

Once again, Facebook Inc (NASDAQ:FB) calls are hot, as the company prepares to release earnings tomorrow night. The contracts are trading at a 25% mark-up to normal intraday levels, and are more than doubling put volume. Specifically, the weekly 4/24 87-strike call is in high demand. Speculators appear to be buying to open the calls, betting on FB to topple $87 -- all-time-high territory -- by the end of the week, when the series expires.

Analysts, too, are fully behind the shares. Thirty of 32 brokerage firms rate FB a "buy" or better. Plus, the stock's average 12-month price target of $93.03 sits in territory never before charted.

On the charts, Facebook Inc (NASDAQ:FB) has added 7.4% in 2015 to trade at $83.79. The shares recently pulled back to find support in the form of their 40-day moving average. The last time this happened in mid-March, FB shot up to all-time highs.

150421FB

Follow @Schaeffers

$40 Gets You 4 High-Conviction Trades. Let's Go.

We just booked back-to-back double-digit gains on Celsius and Palantir in Trade of the Week, and we’re eyeing even bigger wins!

Every week starts with a fully defined options trade straight from the desk Schaeffer’s Senior V.P. of Research, Todd Salamone, backed by 30+ years of proven market experience and disciplined risk management.

Right now, you can get 4 total trades over the next 4 weeks for $40 – just $10 per trade.

👉 Sign Up Now to Receive Your First Trade!