It’s been a rough year for Facebook, but traders are betting the stock may soon see a bounce.
On Friday investors bought more than 6,000 calls at the February 145 strike price, according to Investitute co-founder Pete Najarian.
These particular calls expire on February 15th, so traders are betting the stock will bounce 3.85% by then. (Facebook closed at $139.63 on Thursday.)
“It’s a big bet that they [traders] see some sort of rally coming out of Facebook over a short period of time,” Najarian said on Friday’s “Halftime Report.”