Dan Nathan Gives His Opinion On Options Activity In Facebook Inc Ahead Of Earnings

On CNBC's Options Action, Dan Nathan said that the options market is implying a 8.5 percent move in each direction in Facebook Inc FB ahead of the earnings report. The average move on the last four quarters was 4 percent. Call options outnumbered put options 2 to 1 and Nathan believes that traders are placing bullish bets in case a move similar to the one in Google Inc GOOGL and Amazon.com, Inc. AMZN happens. He is not bullish on the name and he believes that Facebook Inc is a dangerous stock to own.