FB

[Dallas]

Thank you for posting these figures of locked shares. With a daily volume exchanged of 50 million, 250 million shares would only take five days. However, a selling plan can hardly go beyond 10% of the total daily number of shares, which means that 250 million shares will take a minimum of 50 days to sell.

This basically means that the selling pressure on FB will be quite high for a rather long period.
Pascal

That's very helpful for perspective.

I plan to watch the action of put options in the outer months of 2012 after Thursday's earnings release to see if hedging activity around the lockout expiration becomes evident. From a speculative viewpoint, an upside surprise on Thursday might make owning Nov. 16 puts a tempting play if EV pattern continues to show weakness in the days following the earnings release. Highly speculative...but tempting.