Facebook Bull Put Spread
With FB trading at 151.95 someone sold 200 FB Jun 30th 152.50 Puts for 2.44 and bought the FB Jun 30th 146.00 Puts for 0.60 and a net credit of 1.84. A quick summary appears in the video below.
At expiration the net result with FB above 152.50 would be a profit of 1.84, equal to the credit taken in on the trade. The worst case scenario is a loss of 4.66 and this trade has a break-even of 150.66.
Other trades of note:
With Bank of America (BAC)[...]