Bonawyn Eison Sees Unusual Options Activity In Facebook

On CNBC's "Options Action," Bonawyn Eison spoke about unusually high options activity in Facebook, Inc. FB. The company is scheduled to report earnings on Wednesday and the options market is implying a move of 6.5% move in either direction, which is in line with what we have seen over the last four fiscal quarters.

During the session on Wednesday, Eison noticed a purchase of 17,000 contracts of the January $300 calls and 7,500 contracts of the January $320 call. A portion of that were call spreads and they were traded for $3.15, explained Eison. The breakeven for the trade is at $303.15 or around 7.5% above the closing price on Tuesday. Traders can make a maximal profit of $16.85 on the trade.