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


Related Stories

ATVI

Activision Blizzard draws upside strategy

June 8, 2016

A large investor is adjusting a bullish position in the game developer, which has rallied 22 percent in the last three months.

OptionsHouse

Premium Services

Education & Strategy

The Movement of Delta

In our last column, we spoke about delta. You might remember that we discussed what delta was and what factors affected or changed delta. As you recall, we stated that three factors will have an effect on delta. They were movements of time, volatility, and underlying price. Today, we want to take a further look into the change of delta, this time focusing on change due to the movement in the underlying price. 

View more education articles »