My options trade in Facebook

The day finally arrived for option trading in $FB today. I have spent some significant time over the past week in preparation for putting on a trade but settled for a traditional Risk Reversal trade.

Here is the breakdown on my trade I posted on twitter this morning:

  • Short the June 30 Call
  • Long the June 30 Put

At the time I put this trade on, price was in the $29.50 range. The trade cost me $.45 (a debit). The June 30 Put was and is still currently in the money. I continued to watch the volume throughout the day, over all the offered months, and was truly amazed to see it hit over 300K option contracts traded. For one day. Wow.

Here is how the June options finished the day:

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