I spent the last 45 minutes working out credit and debit spreads, Straddles, Strangles, Condors and Butterflies, and some combos on FB......Hi stakes poker Olee, as there is no settled knowledge except held by those behind the curtain. The MMs aren't giving up anything on premiums....
you've definitely got to be glued to this one! Good job on the Puts, I ended up buying back in with calls last week and sold them this am for a nice profit. Still have the puts in place, although, I'm not sure we'll get low enough to make them profitable. My Puts are Dec. 22's and Jan 20's.
I've got a few puts still...also playing the calls:) I'm currently up 188% on the calls and down 50% on the puts! my plan is to sell the calls probably this week, and hold the puts till this comes back down to reality!
I'm baffled that FB has gone up so much since the lockup, but that's the power of the big boys I guess.
What is the EX on your puts? I think earnings will fall after the Jan Ex, and I doubt that it will be good.
The upcoming price action seems clouded to me in relation to rumors about fb switching from the nyse to naz (as early as dec. 12). Specifically, fb is thought to join the nasdaq100, requiring fund managers to buy the stock for their portfolios. Then you have the lockup of 149mm shares expiring on Dec. 14. It just seems the time of all this will be interesting.