Option Block 152: Facebook: Buy, Sell, or Wait for Options?

Option Block 152: Facebook: Buy, Sell, or Wait for Options? Trading Block: Not a great day on the market, NASDAQ down significantly. The big grind toward summer begins, almost an exact replay on last year. OTM premium looks like a good buy. A rundown of commodities - gold is still getting whipped. Odd Block: Interesting and unusual activity in American Eagle Outfitters (AEO), Elan Pharmaceuticals, and Clean Energy (CLNE). Strategy Block: Facebook’s official price is $38, buy or sell? How high could this stock possibly go? Around the Block: Looking at Sears trading tomorrow after earnings today. The TLT may likely continue to go higher. More uneasiness in Greece. May we hit a temporary bottom tomorrow?