On CNBC's Options Action, Mike Khouw spoke about options trading activity in Facebook Inc FB, which is scheduled to report earnings on Wednesday. He noticed that call options outnumbered puts 2.5 to 1 on Tuesday.
There was one particularly big trade that caught Khouw's attention. A trader bought 4,420 contracts of the April 84 calls for $2 each and sold 8,840 contracts of the April 87 calls for $1 each. The trader laid out no money to make a bullish bet that Facebook Inc is going to trade to $87 by the end of the week.
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