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Zynga, Inc. Message Board

  • in_the_end_we_are_all_dead in_the_end_we_are_all_dead May 3, 2014 11:17 AM Flag

    Some entity bought options on 23,000,000 shs of ZNGA stock last week

    I have been following this company for well over 1 year, and have never seen an option purchase anywhere near this size - nearly 3% of the outstanding common stock. The options expire 1 week from this coming Friday. Anyone who does a thorough job researching Z will discover they have a number of things in the works. Don't forget about the 'CTO' filed by Z with the SEC a month or so ago. My best guess is that an institution did their due diligence and either stumbled on or surmise that something big is coming, and may even have a good idea as to when it will come(something big is very difficult to hide from ears trained to hear such things) . By acquiring options rather than common shares, if what they know (or think they know) comes to pass, their return on investment will be a large multiple of what it would have been had they acquired the stock, which they may have planned to do anyway. Don't be surprised when gig news hits in the next few days or weeks. This stock often moves up or down, only for us to discover in hindsight that someone had unearthed the information, and made a bet on it. It happens all the time.

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ZNGA
2.36+0.04(+1.72%)Jun 28 4:00 PMEDT