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-- -- All right investors continued opt out of FaceBook and the stock today has stabilized a little bit 2892.
It's been up and down but.
The future of the company especially with the options the started trading yesterday let's talk about -- -- -- the founder markets take the country.
Speaking to see anywhere Jeff talk -- -- a moment ago Dan is there as well on the trading floor.
So when the auction started trading yesterday and the FaceBook stock prices kept going down.
The wrong message in those markets job that you took away it was one -- -- -- Well that there's a lot of uncertainty.
That we saw a lot of -- changing hands which is natural but we also saw a lot of calls changing hands as well.
The ratio was -- one point two puts.
See each call.
And that's really a pretty normal put call ratio -- basically what that's telling us is.
You know all the uncertainty that we've seen leading up to the IPO and then in the stock itself once -- IPO we're seeing that now trading in the options.
-- look at what's caught it puts basically think you're betting on I declined you're betting on an increasing fears -- on the other side of it but beyond.
That FaceBook is stabilized today -- that tells us anything.
But I guess what we've learned is this whole idea of a hundred billion dollar company that FaceBook somehow valued a hundred billion dollars that that was.
Redemptions nonsense to begin with that it's a successful.
A company that we just need to re re price sitter or no.
Well this stock is settle down quite a bit from yesterday however.
The implied volatility of the options that tells us what the market thinks future volatility will be.
Right now that's really high on the market is pricing in a bunch of future uncertainty and you can rest assured.
The volatility is here to stay in FaceBook and speak you know thank you Dan by the way for coming on appreciate it 2893 on the stock price right now Dan -- -- -- from the CM day.
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