Market Overview

Dan Nathan Sees Unusual Options Activity In Facebook

Dan Nathan Sees Unusual Options Activity In Facebook

On CNBC's "Options Action", Dan Nathan spoke about unusually high options activity in Facebook, Inc. (NASDAQ: FB). He said that call volume was two times that of puts and there was an interesting trade that caught his attention.

When the stock was trading at $147, a trader sold 2,000 contracts of the March 125 puts and bought 2,000 contracts of the March 170 calls. The trader collects $0.23 with the trade and if the stock trades above $170 at the March expiration, she or he is going to make additional profit. If the stock trades below $125, the trader is going to have to buy the stock at that price.

Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media Best of Benzinga


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