Major Profits on Activision Blizzard, Inc. (ATVI) Bullish Options Activity

Activision Blizzard, Inc. (ATVI) is a publisher of online games tailored for personal computer, console, handheld, mobile and tablet games. ATVI is trading at $25.55 around the upper end of its 52 week range of $17.73-$26.09. Year to date the stock has outperformed the market rallying 27.05%. The stock rose to the upside in today’s session by about 0.43% or $0.11.

Early in the session a trader bought 7,500 of the ATVI June 12th Weekly 25.5 Calls for $0.30 when the stock was trading at $25.42. This order was recorded about an hour after the open on OptionHacker, and the stock rose about $1.21 to $25.63 after the trade hit the tape. Over 10,800 contracts have been traded today hinting at bullish sentiment. The ATVI June 12th Weekly 25.5 Calls have traded as high as $0.54 in today’s session making this a highly profitable trade. This stock was trading below the Ichimoku Cloud on intraday time frames from yesterday, but ripped to the upside in today’s session.

Trade: A trader bought 7,500 of the ATVI June 12th Weekly 25.5 Calls for $0.30
Risk: $30 per 1 lot
Breakeven: $25.80

If a trader bought a 20 lot of these Calls they would have profited $480 at the highs on $600 in risk. This is a great example of a hugely profitable UOA trade.

Andrew Keene

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