Make Money On Zynga's Correction With Options
By John Mylant: Zynga (ZNGA) has grown since its public offering in mid December. But signs of a correction loom big for the stock. Here is a way using options that one may take advantage of a pullback.Zynga focuses on developing social games for the internet and has spent the majority of its time in relationship with Facebook (FB). This is the platform it has used for most of its games. Revenue is generated, not through buying the game, but through advertising and selling virtual goods in its games. 2010 was the first year it actually made money and then had a ZNGA)" rel="nofollow">public offering on December 15, 2011 where it raised $1 billion dollars. It opened up at $10.00 per share which was on the high side of analyst estimates.Concerned about the dependency upon Facebook, ZNGA is exploring a new venue. It is launching its own platform called "Zynga Direct" wherebyComplete Story »
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