Shares of Zynga, Inc (ZNGA) are up .24 today to 3.45.? The stock is trading well under the 52-week high.
Today paper bought 415 ZNGA May 3.5 calls for 0.05.?? Average volume is 39,738 contracts per day.? Open interest is 37,000 contracts for the strike.
The volume looks like a call buyer with brisk trading totaling 7,819 contracts so far.? The buyers are looking for a quick run above the strike this week before expiration.
30-day implied volatility is 55%.? ?10-day implied volatility is 32%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Zynga Inc. (Zynga), is a provider of social game services with 240 million average monthly active users over 175 countries.