Shares of Zynga Inc., (ZNGA) are up .22 today to 4.71. ?ZNGA is making a 52 week high today.
Today paper traded 50000 ZNGA Jun 3/4.5 risk reversals for .68.? ADV is 50189 contracts.? The OI is 70k at least per strike.
The volume went up in 10000 lot blocks between the market.? The trade does look closing and this could be a risk reversal trader closing out a successful trade after the recent run up.? This trader most likely is taking profits.? Look for the other 20k to trade at some point which for now looks like they are letting ride longer.
30-day implied volatility is 55%.? ?10-day implied volatility is 110%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
Zynga Inc. (Zynga) is the provider of social game services.