Size Call Buying In ZNGA

ZNGA, with an ADV of 4400 and open interest of 153,000, saw paper buy over 16,000 Feb 3 calls so far on the day.

ZNGA

Zynga Inc., trading 2.57 with an IV30 of 49.13 up 7.67% today with an HV10 of 26%, saw a large call purchase.The stock, with an ADV of 4400 and open interest of 153,000, saw a customer buy over 16,000 of the Feb 3 calls, the largest block of these calls was 9650 purchased for .08.Based on strike OI the trade is clearly an opening trade.

This appears to be a customer that thinks ZNGA is going to break above 3 between now and Feb expiration with a break-even of 3.08.

The trade is aggressively bullish vol and the underlying.

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