Seeking Alpha
  • FortSumter
    FB 270M shx available on Mon. Current float 630M. Have to believe there will be downward price pressure by employees wanting to get theirs.
    10/26/12
    Reply (5)
    • Joel M: Just buy Mar ATM puts and hold until December-ish. It'll be back to 20 or less by then. I did that when it was around 23.50.
      10/26/12
    • Boatyzaffa: Nice!
      10/26/12
    • FortSumter: Hey Joel. I bought Nov $20 puts after that ridiculous run-up after earnings. Up 46% but think more to come. Allure of xmas $ will be strong.
      10/26/12
    • Joel M: Smart thinking Sean - great return! Wanted to hold a longer term and didn't want as much time decay, so I opted for the Mar contract.
      10/26/12
    • FortSumter: Thanks. I think staffers with a cost basis at $2 (?) arent going to let that "free" money burn a hole in their pocket for long.
      10/26/12
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