Bullish Facebook Bets at Record High

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Oct. 25 (Bloomberg) –- Bloomberg’s Nikolaj Gammeltoft discusses ownership of bullish Facebook contracts reaching a peak of 2.65 million last week. He speaks with Julie Hyman on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

It was targeted by muddy waters.

Shares have been halted.

They have now resumed trading.

It looks like they are falling once again.

They're bouncing up once again.

The company came out with an extensive denial of muddy waters' allegations earlier today.

Something to keep an eye on.

We will keep updating you on it as the shares continue to trade.

Zynga shares are surging.

The maker of "farmville" reported a smaller than estimated loss in its first quarter.

You cannot talk about zynga without talking about facebook.

Shares are up almost 100% this year.

Bullish bets are at an all-time high.

For more, i want to bring in a bloomberg stocks reporter.

You have seen this happen with a couple of these tech stocks, apple as well as facebook.

Sentiment has changed enormously over the past several months.

It is an amazing round trip that facebook has made from the $38 ipo and above the ipo at $55. options traders are looking for more.

It will be a fun stock to watch.

Are most of the contracts you are seeing closely tied to the date of the earnings report, or people also making beds further out?

People are trading the november and december expirations.

We saw one trader the previous week, $2.4 million for november $65 calls.

The stocks doubled this year.

It is very aggressive.

A source told me yesterday this is almost a euphoric atmosphere around the stock.

If it moves, the company will be close to ibm valuation.

Ibm has been around for 100 years.

People are really going to be listening for growth, and whether management has been able to execute on a mobile strategy.

Thank you.

We will see if they can live up

This text has been automatically generated. It may not be 100% accurate.

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