$28 handle...FaceBook - truly the gift that keeps on giving... massive losses
Current VWAP post-IPO is now only $36.70 and falling
- Puts 144k vs Calls 100k
- Put IV 66.5%, Call IV 55.6%
- June $30 Puts most active 19210 lots
- Most interesting is the $45 July Straddle that seems very popular (and the 1 lot $10 June Straddle)
And finally, here is Cramer from February 2, advising his viewers to buy FaceBook, and Morgan Stanley ($19.66) which will benefit from the FB IPO, and is "a dirt cheap stock"