Facebook Inc (FB) $30.18 -5.42%

| May 29, 2012 | 0 Comments More

An hour into the trading day Facebook options were second most active after Apple (try command /most), with nearly 100,000 contracts trading and puts leading calls 5:4 as shares flirt with the $30 level. June 30 puts are the most active contract with more than 10K on the tape at a vwap of $1.45. Largest trade was a bearish 3050 lot putspread on the PHLX just after 10am in which a cust paid $2.95 for the July 32-25 put spread. ATMIV opened near 66% and is currently about 60%. Current volume implies FB may hit 400,000 contracts today, making it the best first-day listing in listed options history.

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Category: All Stocks, Software & Computer Services

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About the Author (Author Profile)

Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange. He received his bachelor’s degree in Economics from the University of California, San Diego and his MBA from NYU’s Stern School of Business.

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