Risk Reversal Trades on Activision (ATVI)

Shares of Activision Blizzard Inc. ATVI are higher on the session by 2.30%, currently trading at $12.00. The stock has been moving largely higher over the past two months and is nearing resistance at $12.25. Options traders are buying upside on the name today. The February 2011 $10/14 risk reversal just traded 7,800 times for a credit of $0.01. The $10.00 puts were sold and the $14.00 call purchased. Volume exceeded open interest on both strikes. Activision Blizzard, Inc. is an online, personal computer, console and handheld game publisher. Through Activision Publishing, Inc, the company is an international publisher of interactive software products and peripherals.