Large Facebook Option Trader Betting On Earnings Sell-Off

Large Facebook Option Trader Betting On Earnings Sell-Off

Facebook, Inc (NASDAQ: FB) shares are up 24.9% over the past month. But at least one large option trader is betting next week's earnings report will be a reality check for the stock.The Facebook Trade On Friday, Benzinga Pro subscribers received an option alert related to an unusually large Facebook trade. * At 12:01 p.m., a trader bought 529 Facebook put options with a $160 strike price expiring on May 15 at the ask price of $1.90. The trade represented a $100,510 bearish bet.Why It's Important For Facebook Investors Even traders who stick exclusively to stocks often monitor option market activity closely for unusually large trades. Given the relative complexity of the options market, large options traders are typically considered to be more sophisticated than the average stock trader.Many of these large options traders are wealthy individuals or institutions who may have unique information or theses related to the underlying stock.Unfortunately,...

Special Report: Countries, companies risk billions in race for coronavirus vaccine

“The crisis in the world is so big that each of us will have to take maximum risk now to put this disease to a stop," said Paul Stoffels, chief scientific officer at Johnson & Johnson , which has partnered with the U.S. government on a $1 billion investment to speed development and production of its still-unproven vaccine. Historically, just 6% of vaccine candidates end up making it to market, often after a years-long process that doesn’t draw big investments until testing shows a product is likely to work. Drug companies and the governments and investors that finance them are boosting their “at-risk” spending in unprecedented ways....