By Friday mid-day investors had bought more than 6,000 Facebook calls at the June 180 strike price, according to Investitute co-founder Jon Najarian. Later in the day, that number soared to nearly 30,000.
These calls expire next Friday, so traders are betting the stock moves above $180 by then. Facebook was trading around $173 on Friday, so a 4% pop would lift it to $180.that he jumped on this trade and bought calls, since he believes the stock "is going to push towards, or through, $180 next week."Related Tags
Everything will pop next week. The Fed will just keep decreasing rates to prop up the stock market because decreased rates won’t help the fully employed economy! Let’s see if the Fed can get the S & P to pass 3000 before the fall crash. Unless they decrease rates below 0!
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