CNBC’s Options Action Trade for Jan 15th, 2018 – Facebook (FB)
On Friday’s CNBC’s Options Action, the crew analyzed the performance of Facebook (FB) after its recent announcements to improve user experience. FB took a hit on Friday after investors feared that changes were going to impact ad revenue. Having traded in a tight channel, FB pulled back 5% to a couple of major support levels. Coupled with an earnings announcement on Jan 31st, expectations are fairly muted after this news, Michael Khouw suggests selling a Feb 180/175 Put Vertical for a $2.25 Credit.
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: FB Options Action
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