"I Beat The Market Trading 1 Day Per Week. Learn How."

Steven Brooks dominates the market buying stocks for a 99% discount and getting paid to do so!

Join Steven for a FREE training session and learn Steven's secret to timing his trades to see massive returns.

Hurry, seating is extremely limited.

Join Now

Activision, Inc. (ATVI) is a publisher of entertainment products for a number of different devices and platforms. The company’s stock is currently trading around $20.60 in a 52 week range of $13.27-$21.50. The stock has been doing very well this year with shares rallying more than 15% year to date. Options traders seem to think this trend will continue as block orders hitting the tape during today’s session have been decidedly bullish. Earlier today a trader bought 2,850 ATVI Jun 21 Calls for $0.47. This is a very bullish trade and with shares of ATVI above the Ichimoku Cloud it seems unlikely this is a hedge against a short stock position. With strong order flow and a bullish chart set up it appears ATVI could be setting up well for a long position.

Block Trade: A trader bought 2,850 ATVI Jun 21 Calls for $0.47
Risk: $47 per 1 lot
Reward: Unlimited
Breakeven: $21.47

James Ramelli

Pin It on Pinterest

Share This

Stop Sign

Don't Miss This Exclusive Training Session!

Join Hubert Senters and learn the best method for spotting breakouts.

Join Now (Click Here)

Get Our Free Daily Trading Videos

Delivered To your Inbox

By submitting your information you agree to our Terms of Service and our Privacy Policy