Large OTM FB Call Seller

5357 FB Feb 140 calls went up in 1 block on the AMEX marked stopped IM. This call sale was through the bid and could be a close with the open interest

Shares of Facebook Inc (FB) are down 1.24 to 129.73 today. FB is near the upper end of the 52 week range.

Paper traded 5357 Feb 140 calls for .70.

The ADV is 272k contracts.

The open interest is 9933 contracts.

The volume went up in 1 block on the AMEX marked stopped IM. This call sale was through the bid and could be a close with the open interest. The trader is not waiting for earning in that case.An opening trade would be taking advantage of the higher IV to sell the options prior to earnings on Feb01.

IV 30 is trading for 28%.

HV10 is trading for 13%.

IV 30 is above the HV 10.

Facebook, Inc. builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus.