Calls Busy, as Zynga (ZNGA) Zips Higher

| January 4, 2013 | 1 Comment More

Zynga (ZNGA) adds 10 cents to $2.50 in active trading of 11.5 million shares and call volume on the stock is outpacing put activity by a ratio of ten-to-one. 19,000 calls and 1,860 puts so far. The flow is heavily concentrated in at-the-money 2.5 calls. January 2.5s, which expire in two weeks, are the most actives. 7,415 traded. Weekly (1/4), February, Weekly (1/11) and March 2.5 calls are seeing active trading as well. No news to explain the heightened activity in the ATM calls on the stock Friday and 30-day implied volatility in ZNGA options has dropped 4 percent to 63.5. Company is due to report earnings in mid-Feb.

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Category: All Stocks, Small Cap Stocks, Software & Computer Services

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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.