A large trader is apparently expecting higher volatility in Facebook by early next year.
A block of 6,000 January 44 puts traded for $2.32 on a tight bid/ask spread. The volume was 3 times the strike’s previous open interest, so this is a new position.
About a minute later a block of 150,000 FB shares traded for $51.12 about a minute later. Combined with the put trade, this appears to be a short-volatility play.
— Option Monster