Bonawyn Eison Sees Unusual Options Activity In Facebook

On CNBC's "Options Action," Bonawyn Eison spoke about unusually high options activity in Facebook, Inc. (NASDAQ: FB). The company is scheduled to report earnings on Wednesday and the options market is implying a move of 6.5% move in either direction, which is in line with what we have seen over the last four fiscal quarters.

During the session on Wednesday, Eison noticed a purchase of 17,000 contracts of the January $300 calls and 7,500 contracts of the January $320 call. A portion of that were call spreads and they were traded for $3.15, explained Eison. The breakeven for the trade is at $303.15 or around 7.5% above the closing price on Tuesday. Traders can make a maximal profit of $16.85 on the trade.