Facebook’s ascent has investors betting on more gains

A picture illustration shows a Facebook logo reflected in a person's eye, in Zenica


The big selloffs in shares of social media companies last quarter following weak results seem to be brushed under the carpet this earnings season as investors focus instead on the success of Facebook Inc (FB.O).

Investors in the options market are betting on more gains for the stock after it reports results Wednesday.

Facebook escaped the rout in social media stocks after last quarter’s results. The shares are up about 20 percent this year. The stock and a handful of other winners account for the bulk of S&P 500 .SPX gains this year.