Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
In keeping with our long history of noting every handle change in Failbook, we just passed into the $25 range (heavy volume came throuygh as we touched $25.88). With a post-IPO VWAP at $34.85, that’s a 25% drop from the average trade alone and volume remains active (over 30mm shares today). Calls are slightly ahead of Puts today but Open Interest remains biased to 6:5 in favor of Puts.