Shares of Zynga Inc. (ZNGA) are up .05 to 4.52 today.? ZNGA is in the middle of the 52-week range today.
Today paper traded 8500 ZNGA May 6 calls for .11.? The ADV is 65k contracts.? The OI is over 50k contracts.
The volume went up in one block.? The calls traded on the offer and went up sold last with some Apr 4.5 calls at the same time. It is possible the Apr 4.5s are a close and the May 6 calls are buy to open.? The large OI in the ZNGA May 6 calls is roughly equal to the May 4.5 puts so that could be some kind part of some risk reversal.? The 4.5/6 spread is probably a standalone trade.
30-day implied volatility is 58%.?? 10-day implied volatility is 38%.? 30-day implied volatility is trading above the 10-day historical volatility.
Zynga Inc. (Zynga) is the provider of social game services.?