People are buying FB now just for short squeeze reason. That happened when it bounced back from 22 to 24. It is over. Your trade idea is also good but I always sell naked and don't buy. I know it is not a good way of trading. I am more worried of your $20 part of your butterfly but I still believe you should be ok.
FB seems to be on the right track. But in terms of a growth stock, that market cap is going to cause some inertia.
Just paid 2 billion for oculus, a vr headset company. Wtf is up with zuckerberg? The hardware is pretty good sure but the company is still in beta with no revenue, no support, no users. Who pays 2B for that??!! This guy is wasting the company's cash.
The main thing you've got to remember about Zuck is that he is too young to remember the 2000 dot com meltdown. But there are plenty of older people - who should know better - having recall problems.
A possible reason as to why he is spending....right or wrong http://blogs.reuters.com/felix-salmon/2014/03/26/mark-zuckerberg-the-warren-buffett-of-technology/