Long-Term Bullish Options Activity Continues in Facebook (FB), Targeting 58% Upside in Shares Through January 2020 -Susquehanna

Susquehanna options strategist Alison Edwards notes continued long-term bullish options activity in Facebook (NASDAQ: FB), an investor bought 10k Jan2020 270 Calls for $3.60. It’s repeat trading with investors now long 30k of the calls (bought over past 10 days), and suggests the view that stock has increased probability of being ~58% higher 16 months from now.

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