The market is experiencing a resurgence of volatility, adding to the already very active options market. Last week, the bears finally caught up to Facebook (FB). The social media platform’s share price dropped 8% in one day, with options trading over 1 million contracts.
The selloff came courtesy of Verizon (VZ), which decided to pull ads from the popular platform due to concerns over hate speech. The options action was mixed, with a heavy amount of both calls and puts trading, including what looked to be a large collar trade.
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