OptionsHouse

Options Trading News

September 10, 2013  Tue 2:14 AM CT

ATVI: SEE CHART GET CHAIN FIND STRATEGIES
A large bullish trader is playing for more time in Activision Blizzard.

optionMONSTER's Heat Seeker system shows that a trader sold 10,000 September 17 calls for $0.32 in volume below previous open interest of 69,602. At the same time, he or she bought 10,000 October 17 calls for $0.65 in volume far above open interest of just 383 contracts, indicating a new position at that strike.

The trader is apparently closing the September contracts, which expire at the end of next week, and rolling the long-call position forward. This adjustment, which cost at net $0.33, gives the investor another month for the trade to stock to rally. (See our Education section)

ATVI gained 0.41 percent to $17.04 yesterday. The game developer was at a high of $18.43 at the end of July after gapping up from the $15 level a week earlier.  

Total option volume in ATVI was 20,966 contracts in the session, compared to a daily average of 3,518 for the last month. 
Share this article with your friends


Related Stories

ATVI

Vote of confidence in Activision Blizzard

May 27, 2016

The game developer is up 21 percent in the last three months, and one large investor apparently believes that downside potential is limited.

ATVI

More bullish plays in Activision Blizzard

May 18, 2016

The game developer has seen upside option activity on several occasions recently, and it attracted two more bullish trades yesterday.

ATVI

Investor wants more in Activision Blizzard

May 16, 2016

The video-game developer has been ripping higher on strong quarterly results, and one large trader is rolling a bullish position forward for more gains.

OptionsHouse

Premium Services

Education & Strategy

Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »