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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.

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