May 29th here we come. Facebook options begin trading today and as we predicted 11 days ago, it does give the stock some weight. Shares fell below the $30 mark for the first time, rounding out the day at $28.84. At-the-money June call and put options both have volatility in the high 60’s, which is not higher than most of its comparables. From a trading perspective, I cannot help to notice these options are so cheap. Again take June expiry put options for example, at-the-money is only $1.65 and the stock moves about $2 per day, so take a look at that quote. On the cheerful side, Mark is on honeymoon in Rome right now and camera caught him eating McDonald’s takeout with his bride. Hey, whatever makes you happy. It doesn’t matter how much money you have, sometimes it’s about what you feel like doing. Keep it right here for more news and updates. I’m Julia Sun. I’m not in Rome right now, but one day I’ll be there. We’ll be back shortly.
