Zynga (ZNGA) - Trading Recap

Posted on 01/31/2013 by Rich Singler

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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.



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