Shares of Facebook, Inc. (FB) were up .90 to 30.55 today. ?FB is trading off of recent highs and still well below one-year highs.
On Friday near the close, paper bought the FB Feb 1 Weekly/Feb 8 Weekly 34 call spread 46,673 times for .15. ?Average contract volume is 217,000 contracts per day in the name.? Open interest was less than 10,000 contracts prior to the time spread.? The implied volatility is up 5 points in February. The trade looks to be a new buyer betting on an upside earnings report.?
30-day implied volatility is 60%.?? 10-day implied volatility is 40%.? 30-day implied volatility is trading well over the 10 day historical volatility.
Facebook, Inc. (Facebook) is engaged in building products to create utility for users, developers, and advertisers. People use Facebook to stay connected with their friends and family, to discover what is going on in the world around them, and to share and express what matters to them to the people they care about.