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


OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Market Level Making You Nervous, Huh? Part 3

In last week's article, we discussed how important the extra cash you save by using the Stock Replacement Strategy over buying the actual stock is! That extra cash in our account instead of being unnecessarily tied up in a stock position allows us to buy the puts we would need to protect our downside in the case of a major sell-off.

View more education articles »