A whale with a lot of money to spend has taken a noticeably bearish stance on Activision Blizzard.
Looking at options history for Activision Blizzard ATVI we detected 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $101,247 and 10, calls, for a total amount of $2,113,201.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $90.0 for Activision Blizzard over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Activision Blizzard options trades today is 10865.5 with a total volume of 6,912.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Activision Blizzard's big money trades within a strike price range of $65.0 to $90.0 over the last 30 days.
Activision Blizzard Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ATVI | CALL | TRADE | NEUTRAL | 08/18/23 | $70.00 | $1.1M | 2.3K | 883 |
| ATVI | CALL | TRADE | BULLISH | 07/21/23 | $87.50 | $469.0K | 17.6K | 3.5K |
| ATVI | CALL | TRADE | NEUTRAL | 08/18/23 | $72.50 | $154.0K | 8.1K | 0 |
| ATVI | CALL | SWEEP | BEARISH | 07/21/23 | $65.00 | $77.1K | 1.2K | 75 |
| ATVI | CALL | TRADE | BULLISH | 07/21/23 | $90.00 | $71.0K | 39.8K | 2.0K |
Where Is Activision Blizzard Standing Right Now?
- With a volume of 1,819,603, the price of ATVI is down -0.4% at $81.56.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 40 days.
What The Experts Say On Activision Blizzard:
- Truist Securities downgraded its action to Buy with a price target of $84
- Benchmark downgraded its action to Buy with a price target of $90
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Activision Blizzard, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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