Large Facebook Option Trader Betting On Earnings Sell-Off

Facebook, Inc (NASDAQ: FB) shares are up 24.9% over the past month. But at least one large option trader is betting next week’s earnings report will be a reality check for the stock.The Facebook Trade On Friday, Benzinga Pro subscribers received an option alert related to an unusually large Facebook trade. * At 12:01 p.m., a trader bought 529 Facebook put options with a $160 strike price expiring on May 15 at the ask price of $1.90. The trade represented a $100,510 bearish bet.Why It’s Important For Facebook Investors Even traders who stick exclusively to stocks often monitor option …read more

Source:: Yahoo Finance

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