Speculative Call Buying Activity in Facebook (FB) Into Earnings Announcement Today After Market Close - Susquehanna

Susquehanna options strategist Alison Edwards notes speculative bullish positioning in Facebook (NASDAQ: FB), ahead of today’s earnings report, as investors purchased 15k Feb 147/157.5 call spreads for $4.13 (expires 2/15) as well as 0k x 20k x 10k Feb1 152.5/155/157.5 call flies (expires this week). The implied earnings move is 7.5% vs historical realized average moves of 8.8% and 5.3% over the prior 4Q and 8Q, respectively.

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