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 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $186,295 and 8, calls, for a total amount of $544,400.
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 $50.0 to $92.5 for Activision Blizzard over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $50.0 to $92.5 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 | BULLISH | 08/18/23 | $90.00 | $153.1K | 25.3K | 651 |
| ATVI | PUT | TRADE | BEARISH | 09/15/23 | $80.00 | $120.0K | 36.4K | 2.2K |
| ATVI | CALL | TRADE | BEARISH | 08/25/23 | $88.00 | $87.8K | 2 | 185 |
| ATVI | CALL | SWEEP | BULLISH | 01/19/24 | $50.00 | $83.5K | 125 | 20 |
| ATVI | CALL | TRADE | NEUTRAL | 08/18/23 | $80.00 | $62.8K | 1.5K | 108 |
Where Is Activision Blizzard Standing Right Now?
- With a volume of 3,112,794, the price of ATVI is down -0.01% at $91.44.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 88 days.
What The Experts Say On Activision Blizzard:
- Benchmark downgraded its action to Hold with a price target of $90
- Roth MKM downgraded its action to Neutral with a price target of $95
- Stifel downgraded its action to Hold with a price target of $95
- MoffettNathanson downgraded its action to Market Perform 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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