FB shows weakness
FB has broken down from the channel created since the September drop from highs. On weak /NQ days, FB is one of the top contenders to short as it is expected to test mid-250s and probably lower on this drop
Weekly close also critical for FB as longer term weakness is evident unless it can manage a close above 271s
Look to buy FB puts with 4-6 week expiration for an extension of weakness. Daily close above 276s hints a false breakdown.