Facebook (FB) dropped below its 50-day average after releasing earnings and guidance two weeks ago, but has been consolidating ever since and looks ready to rebound. Let’s position ourselves ahead of that move and buy to open FB November $73 calls (exp. 11/28) at $2.17 or under. This is an aggressive trade.
FB November $73 Calls: New Aggressive Trade
Facebook (FB) dropped below its 50-day average after releasing earnings and guidance two weeks ago, but has been consolidating ever since and looks ready to rebound. Let’s position ourselves ahead of that move and buy to open FB November $73 calls (exp. 11/28) at $2.17 or under. This is an aggressive trade.