Options Update: How to Play Facebook

The video discusses market volatility, focusing on the VIX index and its implications for the market. It analyzes Baidu's stock performance and the heavy options activity surrounding it. The video also covers earnings reports for GoPro and LinkedIn, noting mixed options activity. Finally, a trade strategy for Facebook is presented, involving a bull diagonal spread to capitalize on expected volatility and stock movement.

What does the current VIX level indicate about market volatility?

How is the market expected to behave until the jobs report next Friday?

What conflicting options activity is observed in Baidu's stock?

What pattern is expected to follow for Facebook's stock after its earnings report?

What strategy is suggested for trading Facebook's stock?