Dan Nathan Sees Unusal Options Activity In Facebook Inc

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CNBC Options Action's
Dan Nathan spoke on the show about an unusually large bearish bet in
Facebook IncFB
. The options in
Facebook Inc
traded only 75 percent of the average volume but one trader bought 6,500 of the October weekly 75 puts for $0.80. The break even for this trade is at $74.20. Nathan explained that it is interesting that the trader bought such a large quantity of options in a week without any significant events. The earnings report is scheduled for the next week, on October 28. Nathan sees this trade as a near term bearish bet or a protection against a long position.
Posted In: CNBCMediaDan Nathan
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