Facebook (FB) Facebook Earnings Breakout – July 22nd, 2019

The idea presented is the opinion of the Options Action staff and not a recommendation by OptionsPlay.

On Friday’s Options Action, the crew analyzed the performance of Facebook stock. Despite trading near its all-time highs, FB is trading near the low end of its valuation based on growth. Coupled with lowered earnings expectations, there is a potential for a beat on earnings. Expecting FB to trade higher, Michael Khouw suggests buying an Aug/Jan 205 Call Calendar for $9.70 Debit. As of Friday’s close, these calls were trading at a $9.40 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: FB Options Action Trade

View FB Trade

Upcoming Event:

Mechanics: Entering Option Orders & Managing Option Positions – July 25th @ 4:15 PM EST –Register Now

Track DailyPlay Positions

Track open DailyPlay trades with Live P&L on all positions in our Portfolio tool!