Shares of Zynga, Inc. (ZNGA) are trading up a .07 today to $2.32. ZNGA is trading near the highs today.
Paper looked to buy calls in the Jan 2.5 strike on very heavy volume.? Large trades went up on blocks of over 3100 and 3800 contracts for .18? with scattered buyers pushing volume up to 15k+ contracts for the strike.? This is moving the IV in January up 8% to 78.42%.? Open interest is very high on the strike with over 38k contracts.? The strike is still bid after the purchase.
30-day implied volatility is 77%.?? 10-day implied volatility is 88%.? 30-day Implied volatility is trading just below the 10-day historical volatility. ?
Zynga Inc. develops, markets, and operates online social games as live services on the Internet, social networking sites, and mobile platforms.??