NEW YORK (AVAFIN) -- Zynga options contracts experienced a new 90-day record for call contracts where a total
of 23,443 call contracts were traded in the busy trading session. The contract spread
yielded a 0.33 put/call ratio where 3.0 call contracts were traded for each put contract.
Put/Call ratio can be regarded as a predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying equity. A high put/call ratio
suggests that the investor sentiment is bearish and that investors are expecting the underlying
stock price to decrease. On the other hand, a low put/call ratio implies that the investor
sentiment is bullish and that investors are expecting the underlying stock price to increase.
Thus, unusual volume provides reliable clues that the stock is expected to make a move.
The trading volume of 18M is above the 90 day average volume of 18M shares.
Shares of Zynga edged up $0.18 (+7.11%) to $2.71. The price of the stock ranged
between a low of $2.54 and $2.73 respectively.