Zynga (ZNGA) loses 7 cents to $5.93 and call options on the stock are busy to start the week. Early options trades include a multi-exchange sweep of 1,222 Weekly 7 calls for 5 cents per contract when the market was 0 to 5 cents. 3,159 now traded against 11K in open interest — possibly closing. 3,880 calls and 110 puts now traded in the name. Techcrunch was out with a story Friday afternoon reporting that Facebooks is running ad ads and sponsored stories on Zynga and sharing revenues. ZNGA was up nearly 5 percent Friday.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.