FaceBerg $28 handle...FaceBook - truly the gift that keeps on giving... massive losses. Cramer video from February 2, advising his viewers to buy FB IPO "a dirt cheap stock"

Submitted by Tyler Durden on 05/29/2012 14:05 -0400

• Morgan Stanley

$28 handle...FaceBook - truly the gift that keeps on giving... massive losses

Current VWAP post-IPO is now only $36.70 and falling

From Options-land:

• Puts 144k vs Calls 100k
• Put IV 66.5%, Call IV 55.6%
• June $30 Puts most active 19210 lots
• Most interesting is the $45 July Straddle that seems very popular (and the 1 lot $10 June Straddle)

And finally, here is Cramer from February 2, advising his viewers to buy FaceBook, and Morgan Stanley ($19.66) which will benefit from the FB IPO, and is "a dirt cheap stock"