Trade of the Week: FB

Options, Social Media, Videos

It’s earnings season, so you know there’s going to be plenty of options activity. Last week, we saw blowout earnings from Facebook (FB), which is up to 3.5 billion users worldwide across its varies products. FB posted way better revenue and earnings than expected. A trader is attempting to profit from the good news using covered calls that expire in July. The position gives the trader the chance to participate in quite a bit of upside in the stock, while also producing a yield of near 1% over the three months.

Recently closed a 60% winner after 3 days

If you could get 60% returns in 3 days, would you do it? I recently recommended a trade on OXY that shot up 60% in just three days. I’ve got another trade open right now that looks promising.Click here.