Watchand learn sammy. Traded on wall street andmade a market in stock for 12 years. Been doing this a while. Fb is in range til friday unless it gets pushe over 20.15 . If that happens i will be exercising my calls ( i have 5000) 20 calls at 10 cents. That is 500000 shares right hre. Add another 50,000 calls net and thats at least 5 million net shares at 20. Shorties get squeezed and the algorithms kick in and machines start buying.
Chart shows it holds. Options show it trades in range of 19 to 20. If it breaks above 20.15, then it rips and soars as all the options will trigger causing a huge opion buy chain of at least 10 million shares of 19 and 20 calls
Why I closed my $19 puts today. Even if it doesn't surge, I don't see a reason to hold puts open for next few days. Time value will erode too as price may base in 19-21 range for a couple weeks. THere will be another put opportunity in time where pre-earnings, or pre-unlock come into play. Right now, too far off for puts imho.