Facebook (FB) dips 16 cents to $21.09 and options volume on the social media company includes about 25,000 puts and 11,000 calls. The top trade is a 12000-lot of Dec 19 puts bought for 65 cents per contract, outright. 12,590 now traded. Nov 20 puts are the second most actives in FB today. 4,630 contracts changed hands. Total volume is about 8.5 million shares and 36K options, which is well below the norm, of 14 million and 63K. Meanwhile, 30-day ATM vols are ticking up 1.2 percent to 50 amid the increasing interest in downside puts on Facebook Tuesday.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.