The Zynga Earnings Trade…..CLICK HERE to understand why we
executed this trade.
TRADE: Buy ZNGA NOV 06 2020 9.500 CALLS at approximately $0.30.
The Pre-Earnings Profit…..
“Weekly Options Members” entered Zynga
earnings trade on Tuesday, November 03, 2020 for approximately $0.33.
These options were sold at $0.65 on
Wednesday, November 04, 2020.
At one stage of trading the trade was
selling for $1.31 but only one buyer.
At a later stage 2 contracts sold for
These were very lucky profits for the
traders that were selling their contracts.
However, for most of the members an
approximate potential profit was 97%, which was excellent for two days in the
CEO Frank Gibeau pointed to a "digital
holiday" that could have big benefit in mobile gaming, with new mobile on
the market, plus social distancing and lockdowns resulting in the fact that "a lot of folks aren’t going to be able
to go to stores and buy gifts."
the team is "fully integrated at this point from an operating
standpoint," but the company won't start including Rollic in its user
numbers until the next quarter.
"We are well-positioned for further
M&A," he added.
earnings is looking for FY20 sales of $1.93B, up $129M from its’ prior guidance.
Bookings are expected to be $2.24b, up $41m from prior guidance.