Facebook Crash

Quote from cactiman:

A lot of risk for $25 less commissions? You could tune in next week and watch FB short squeeze back up to 27!
FB seems to want to be above $23 so far, after all the bad news is already out.
So an alternative trade might be to Sell an August 23/22 Bull Put Spread for a $35 credit, with a Max Loss of $65.
If FB closes at 23 or above on August 17th you'd make +53.85%.

But I'm not doing either trade.
Will just continue praying for my Iron Condors...
:)
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People are buying FB now just for short squeeze reason. That happened when it bounced back from 22 to 24. It is over. Your trade idea is also good but I always sell naked and don't buy. I know it is not a good way of trading. I am more worried of your $20 part of your butterfly but I still believe you should be ok.
 
think junior google
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Just paid 2 billion for oculus, a vr headset company.

Wtf is up with zuckerberg? The hardware is pretty good sure but the company is still in beta with no revenue, no support, no users. Who pays 2B for that??!! This guy is wasting the company's cash.
 
newguy05 said:
Just paid 2 billion for oculus, a vr headset company.

Wtf is up with zuckerberg? The hardware is pretty good sure but the company is still in beta with no revenue, no support, no users. Who pays 2B for that??!! This guy is wasting the company's cash.
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Oculus is money.. This is gonna be the hottest thing.. Who knows if that's to much money..
 
The main thing you've got to remember about Zuck is that he is too young to remember the 2000 dot com meltdown.

But there are plenty of older people - who should know better - having recall problems.
 
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