TheStreet's Action Alerts OPTIONS contributor Dan Nathan is looking for a way to take advantage of the volatility in shares of Facebook by buying a call spread that expires in June. The spread is $70-$85 dollars. The high end of the range is Action Alerts PLUS co-portfolio manager Stephanie Link's price target on the stock. Nathan says even if you have a long position in shares of Facebook, you can still get some leverage by purchasing a call spread which could help to define your risk.

Chief Investment Officer, Co-Portfolio Manager of Jim Cramer's Charitable Trust, and Director of Research at The Street. Stephanie performs all portfolio management functions which includes developing a macro outlook and market strategy, thorough analysis and careful stock selection while managing the fund in a manner that allows subscribers to follow and emulate her thoughts and actions. She also writes a weekly summary report of the portfolio, highlighting strategy, latest analysis and ranking of each stock in the fund. Stephanie promotes the product through weekly videos, both independently and with Jim Cramer, which are featured on The Street's website. As Chief Investment Officer, she oversees all premium content which includes RealMoney, RealMoney Pro, OptionsProfits as well as other premium newsletters including Breakout Stocks and Stocks Under $10. Stephanie is a CNBC contributor and regularly appears on Fast Money Halftime, Closing Bell, Squawk Box and The Kudlow Report.

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