Facebook options activity soars from day one

Options trading on the stock points to a bearish bias, with the largest bets predicting a fall to $25 a share

Like the stock before it, Facebook options debuted Tuesday with a record-setting flurry of activity, as traders bet the beaten-down stock has farther to fall.

Activity in options, contracts that allow investors to bet on the direction in which Facebook stock will move, soared Tuesday to a record for any option making its debut, according to data provider Trade Alert.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump