Facebook, Inc. FB – Options Idea
With the half day of trading today, and the general subdued sense of the holiday, we don’t expect this session to be full of much excitement, but we have identified an idea that we can watch into next week and possibly beyond.
Facebook has been in a downward pattern for several months, and as you can see on the chart below, produced a significant bottom bounce signal. In fact, all of our favorite indicators seem to suggest an up-cycle could be in the cards heading into the new year. For that possibility, we are going to highlight a range of options calls that we can observe and potentially take advantage of in the days and weeks ahead.
We’re going to put the FB 01/18 $135-145 Calls on watch, and if the stock can rebound back toward its previous resistance area, those should be in pretty good shape.
DSX, TIS, CPRX, SGSI