Large Facebook Option Trader Betting On Earnings Sell-Off

Facebook, Inc (NASDAQ: FB) shares are up 24.9% over the past month. But at least one large option trader is betting next week’s earnings report will be a reality check for the stock.The Facebook Trade On Friday, Benzinga Pro subscribers received an option alert related to an unusually large Facebook trade. * At 12:01 p.m., a trader bought 529 Facebook put options with a $160 strike price expiring on May 15 at the ask price of $1.90. The trade represented a $100,510 bearish bet.Why It’s Important For Facebook Investors Even traders who stick exclusively to stocks often monitor option …read more

Source:: Yahoo Finance

Get our FREE Newsletter! Discover Stocks with +1,000% Upside Potential!
Join over 100,000 investors and business leaders worldwide. Discover the Next Super Stock before the rest of the crowd.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.