Facebook (FB) Sees Unusual Activity in Jan. '13 Puts

June 13, 2012 2:34 PM EDT
Facebook (Nasdaq: FB) is seeing some unusual options activity, but traders are looking fairly far out for action in the social media giant.

According to market data, about 29,000 Jan13 20 puts and 21,500 Jan13 22 puts have moved. Open interest on each is 2,551 and 2,274, respectively.

Its not clear whether traders are betting for a downturn or simply hedging a longer position. Value of each option is up 12.5 percent and about 7 percent, respectively.

Shares of Facebook are down modestly on the session.

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