On CNBC's "Options Action," Mike Khouw spoke about an unusally high options activity in Facebook Inc. FB. He said the options volume in the name was around 450,000 contracts or almost two times the daily average options volume.
He noticed one trade during the trading session on Monday. A trader purchased around 1,700 contracts of the May 162.50 calls for around $7.40. The trade breaks even at $169.90 or 5.88 percent above the closing price on Monday.
Related Links:
Bank Of America Lowers Facebook Price Target, Remains 'Constructive' On The Stock
Needham: Facebook No Longer A Buy Amid A 'Negative Network Effect'
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