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.

You May Also Be Interested In

• Susquehanna Starts IBM (IBM) at Neutral
• Increasing unusual option volume: QFIN IONS ESPR AR CPRX JXN THC PBI IBB KR JACK
• Financial Select Sector SPDR ETF (XLF) spreader of 20K contracts of July 31 weekly 57 and 59 calls into bank earnings season