OptionsHouse

Options Trading News

June 4, 2013  Tue 3:16 AM CT

ATVI: SEE CHART GET CHAIN FIND STRATEGIES
Activision Blizzard bounced yesterday, and one trader is looking for the video-game maker to hold current levels.  

More than 10,500 July 14 traded in the session, with 4,205 going for $0.44 and another 6,305 sold for $0.43 at the same second, according to optionMONSTER systems. Open interest in the strike was just 489 contracts before the trades appeared, clearly showing that these are new positions.

The put selling is a bet that ATVI will hold the $14 level through mid-July. Shares have not closed below that price since mid-February after running higher on strong quarterly numbers that month. (See our Education section)

ATVI gained 1.39 percent to close at $14.63. Shares were up as high as $16.11 last week.
Share this article with your friends


OptionsHouse

Premium Services

Archived Webinar

Option Money Machine Winter Classic

Education & Strategy

The rolling technique

In the January 7th edition of Advantage Point, we initiated the purchase of a second week-out GOOGL 535 put at...

View more education articles »