Aug. 15 - CBOE options trader Andrew Keene sees bearish sentiment toward Facebook ahead of the expiration of its lockup period and has a $12 price target on the stock.
I've been straighter and he joins me from the CBOE for a lightning round on FaceBook -- lock up period ends on Thursday. And what's the better expecting to see a big downloading a big hair tied up. It's going hours another reason and I think you want it. I think every rally in FaceBook -- -- It beats all I think it's going weight Smart -- about twelve dollars twelve dollars Mike Bobo. Odd that they forgot about the -- you know base but has not been able to recuperate the IPO price I think it's going lower after -- -- and that -- -- 120 I wanna own -- apple what it teetered around 0820. But about the mobile platform -- -- apple. So isn't the floor that we are gonna see a lot of these insiders start and voting their shares that they can do it as early as Thursday morning. One point nine. One billion shares to a vote go back and Microsoft. At 45 -- but it can happen to the put call ratios below that might have brought one point you. What is -- data moving averages around one point wants him to have what it that much upside. But I think every proud to be solved is all about that's right on the stock markets but that is higher were being bought an actor Alec. But if they'd put an -- reply at all any rally pop. Has volume picked up an option on Wednesday. The average FaceBook volatility and they've gone up a lot the last couple days and it's paid for the third there in the -- not adopt that it surprises on a lot yesterday at a flat market. Ads for example of it seems that they're above the 21 dollar problem. And about to about what you want there to put the put volume had exploded acted as if it -- And we -- it August expiration expires on Friday it would have been around for awhile back and made it. Of this relief options would be very actively backed up it felt a lot exploration and it's not already priced it. I mean I thought it was phrased it yesterday he would like at that -- Flat market after its green yesterday at a rally -- and they have route which is really really -- But I think that night he -- that you probably recently. I think once it's under one even if what it's -- a while like. At thinking that I'm not saying yeah I've brought this up there isn't.