Friday, January 17, 2014 5:18:49 PM
Does This make Sense ??
Thanks
options related
today's option expiration is special in that it is the old leap option , many positions were established when FB was much lower, so the market makers are happily shaking out some of those call holders who have big profits. This is the main reason for the late day selloff, following the up opening short squeeze I mentioned early in the day.
Stock will recover next week after this unwind.
Have A Great 3 Day Weekend !
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