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Zynga, Inc. Message Board

  • mameen76 mameen76 Feb 14, 2013 10:51 AM Flag


    A long-term trade sees little upside for Zynga.

    optionMONSTER systems show that one block of 8,151 January 4.50 calls was sold for the bid price of $0.44. The volume was more than twice the strike's open interest at the start of the session, clearly showing that this is a new position.

    The calls could have been sold naked as a bet that the stock will stay below the $4.50 strike price in the coming year. But it is more like that they were traded against long shares in a covered call strategy, which would be bullish up to that level but would not see any gains above it.

    Sentiment: Strong Buy

2.935+0.055(+1.91%)Oct 24 4:00 PMEDT