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Traders make small bet on big move in Activision


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Traders and making a big, low-cost bet Tuesday on shares of Activision ( ATVI ). So far, 3,617 contracts of the June 100 call have changed hands, against no open interest. Pricing of these contracts indicates that this was buy to open activity.

InvestorsKeyhole Trade Alert

IK-> The technicals for ATVI ($75.58 up $0.58) are bullish with an upward trend. The stock has support around 72.90. Look at the July 62.50/67.50 bull-put spread for a 20-cent credit. That's a 4.2% return and the stock has to fall by 10.7% to cause a problem. [InvestorsKeyhole, various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com



This article appears in: Investing , Options
Referenced Symbols: ATVI


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