Bullish options flow was detected in FB stock on December 18, 2019.

The bullish options flow was from Deutsche Bank analyst Lloyd Walmsley who called FB stock a top pick for 2020.

Deutsche Bank analyst Lloyd Walmsley raised his price target for Facebook to $270 from $260 and calls the company a top large cap pick for 2020. The stock closed Tuesday up 47c to $198.39. The analyst is bullish on Facebook and sees the “renewed strength” in the core Facebook app becoming a “critical leg of the story” around the shares in 2020. As this becomes clearer over the next few quarters, investors should gain comfort in terminal value in the core Facebook app, leading to multiple expansion on top of revenue and earnings upside, Walmsley tells investors in a research note. His updated sum-of-the-parts valuation assumes a higher valuation for core Facebook.

finviz dynamic chart for  fb