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 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $334,081 and 5, calls, for a total amount of $884,400.
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 $80.0 to $95.0 for Activision Blizzard over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Activision Blizzard's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Activision Blizzard's whale trades within a strike price range from $80.0 to $95.0 in 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 | BEARISH | 08/18/23 | $90.00 | $762.5K | 31.2K | 2.5K |
| ATVI | PUT | TRADE | BULLISH | 08/04/23 | $95.00 | $151.5K | 11.9K | 500 |
| ATVI | PUT | TRADE | NEUTRAL | 10/20/23 | $87.50 | $54.2K | 3.0K | 350 |
| ATVI | PUT | SWEEP | BEARISH | 09/15/23 | $80.00 | $52.8K | 28.8K | 724 |
| ATVI | PUT | TRADE | BEARISH | 08/18/23 | $87.50 | $49.0K | 9.2K | 5.5K |
Where Is Activision Blizzard Standing Right Now?
- With a volume of 3,136,617, the price of ATVI is down -0.18% at $92.5.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 102 days.
What The Experts Say On Activision Blizzard:
- Roth MKM downgraded its action to Neutral with a price target of $95
- Baird downgraded its action to Neutral with a price target of $90
- Truist Securities downgraded its action to Hold with a price target of $95
- Barclays downgraded its action to Equal-Weight with a price target of $95
- Wells Fargo downgraded its action to Equal-Weight with a price target of $95
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.
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