Someone is playing these znga calls and puts like a champ!
3 weeks ago 2/4-2/5 they bought up the cheap calls at 12 when at 10-10.70 , and sold puts from $12 down, it closed 2 weeks later on 2/19 on expiration day at 12.19. So they kept put premium money when all expired worthless , and cleaned up on 12 calls they got for pennies .
Then last Friday’s and this Monday feels like they turn and sold calls from $13 down to 11.5 to keep the 100-% on calls this week , while making about 300% on 10 to 11 puts -today we close at 11.15.
Where looks like they loaded up on 11.5-12.5 calls and sold puts again from 12 down . So by next Friday we see over 12.5??? , or I have it wrong and still selling calls and we see $10 again but don’tbreak it