Facebook Traders Turn Bearish on 2015 After 195% Rally: Options

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Facebook Inc., up 195 percent in two years and trading at a record last month, is starting to draw skeptics in the options market.

Shares of the world’s largest social network surged 43 percent in 2014, climbing to an all-time high on Dec. 22, after doubling in 2013. The gain last year was the eighth biggest among technology stocks in the Standard & Poor’s 500 Index.