Facebook (FB) has pulled back today, due in part to the market weakness. While we could see the stock test $73, I expect the shares will rebound off that level and make a move higher. With expiration for our call position over a week away, I’m comfortable in giving the options a little more time to strengthen. Continue to hold the FB November $73 calls and I’ll be in touch if we need to make any changes.
FB November $73 Calls: Hold for a Rebound
Facebook (FB) has pulled back today, due in part to the market weakness. While we could see the stock test $73, I expect the shares will rebound off that level and make a move higher. With expiration for our call position over a week away, I’m comfortable in giving the options a little more time to strengthen. Continue to hold the FB November $73 calls and I’ll be in touch if we need to make any changes.