Zynga Inc (ZNGA)

[HotRod11686]

Ah ok so he is doing something different.

I was thinking up strategies to recover the heavy loss on my end from Znga.

I was thinking of getting in on the dec 2012 5$ call @2.10
10contracts @ 2.10 = 2,100 premium

potential pps of znga @ dec - est around 12

10 options = 1000 shrs

I'd have the option to buy up 1000 shrs of znga @ 5$ share

$5000 + 2100 = $7100 spent to buy 1000 shares.

If i was to sell the 1000 on expiration date $12000-7100=4900 instant profit. I also can just keep the stock or sell the contracts @ current prices for a profit.

Granted this will ONLY work if the PPS on Dec is around that price.

My losses to date are around 2500. So that would be nice!