Flash Sell: We're Exiting ZNGA Ahead of Earnings

May 6, 2020

Last week, we added ZNGA to our portfolio.

But the company is set to release earnings after the market close today.

It’s not smart to hold options through earnings – so, we’re cutting the cord on this trade.

We have a small profit, but the option premium will get crushed on tomorrow’s opening bell.

That means it’s likely that our profit today, will turn into a loss tomorrow.

Here’s what you need to do:

  • Sell-to-close Zynga Inc. (NASDAQ: ZNGA) ZNGA May 15, 2020, $7.50 call (ZNGA200515C00007500) at the market.

Action to Take:

  • In your brokerage account, locate the ZNGA May 15, 2020, $7.50 call:
  • Locate the options in your portfolio with the ticker: ZNGA.
  • The symbol is ZNGA200515C00007500.
  • Select how many contracts you want to sell.
  • Once you have the right contract, click “sell to close.”
  • Choose “market.”
  • Then click "sell" to transmit the order.

You can also call your broker and say, "I want to sell to close ZNGA May 15, 2020, $7.50 call at the market."

Congrats on your winning trade!

We love hearing about your success, so please take a few moments to let me know how YOU personally fared in this trade. I’d love to hear from you. You can email me here: [email protected].





Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%