Up Tank

[NinjaAssassin]

Thanks :)

What expiration did you buy? I considered buying Nov 2 weeklies (expire next week) at the same strike today but I'm not rocking with a whole lot of money and wanted to save the majority of my cash for tomorrow (just in case I stumble into a trade that pays pretty big). I can't imagine FB is going to stay above $20 very long considering 243 million shares will suddenly be available for trading by Oct 29 and another 1.3 b-b-b-b-billion shares on Nov 14. Of course, that doesn't necessarily mean all of those shares will hit the market, but I'm betting a whole bunch of them do. I'll probably buy some puts tomorrow...29 Oct is Monday!