On Friday’s CNBC’s Options Action, the crew analyzed Facebook’s recent news regarding over inflating a key metric for its video ads. Keeping their focus on revenue and growth instead, their sentiment remains bullish in this current environment. FB has traded within a tight channel over the last few months and remains in it’s bullish trend. Expecting a continuation higher, Michael Khouw suggested buying a Dec 115/135/145 Risk Reversal for $.22 Debit.
We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: CNBC Options Action