Boston, MA 11/08/2013 (wallstreetpr) – Zynga Inc (NASDAQ:ZNGA) has been facing a lot of problems recently. The company is going through a lot of ups and downs in the effective working of the company. But talking about the recent trading session and call options, the investors are expecting that the stock of shares of the company might rise by the end of this month.
Keeping in consideration about the recent trading session, Najarian mentioned in a report that around 38,000 of the contracts have been traded. This is almost twice the previous amount which was around $20,984.
Calls are considered to be an option which allows the investors to lock in a price at which they can purchase the shares belonging to Zynga Inc. All those investors who are expecting that the price of the stock of shares might increase, purchase these options so that they can purchase the shares for a lower or lesser price. This availability of options allows the investor to position themselves for a rally at a lower price than what the actual or increased price is. If the stock of shares of Zynga Inc increases then the investors are able to produce leverage in front of the management.
After the management of Zynga Inc released their quarter results last month, the shares of the company have risen. The company managed to gain almost 2% during the latest trading session.
The reports made available by Najarian, the total option volume in Zynga Inc was triple as compared to the company’s daily average. During the latest trading session, around 67,000 calls have been traded.
Also there are analysts who have been providing their advices on the Zynga Inc latest earnings reports. According to the analysts, the future of the company looks a lot brighter and by 2014 the company would be able to get a lot of profit.