ATVI Stock Spikes After Bull Note

Activision Blizzard stock is back above its 50-day moving average

Sep 11, 2018 at 1:28 PM
facebook X logo linkedin

Video game giant Activision Blizzard, Inc. (NASDAQ:ATVI) has been generating buzz ahead of the company's new "Call of Duty: Black Ops 4" game, which will feature a Fortnite-like battle royale mode when it's released about a month from now, on Oct. 12. ATVI shares are rallying in today's trading, too, up 6.3% at $78.93, on pace for the first close above their 50-day moving average since July.

Sparking the rally is likely Stifel's bullish note, in which it swapped out sector rival Electronics Arts (EA) for Activision on its "Select List." The brokerage firm has a "buy" rating on ATVI and expects a strong holiday season because of the Call of Duty release. Most other analysts are already bullish on the equity, with 14 of 20 sporting "buy" or better recommendations.

Options activity today also seems bullish, with volume running at three times the expected pace. Calls are more than doubling puts, and the October 80 call is most popular. Considering most of these calls have crossed at the bid price and the option was already home to notable open interest, it's likely that heavy sell-to-close activity is occurring here. Looking elsewhere, the September 77 put is seeing new positions opened today, as is the weekly 9/14 80-strike call.

Despite the increased attention for the stock and high activity in the options pits, near-term premiums aren't through the roof on Activision Blizzard. That's according to its 30-day at-the-money implied volatility (ATM IV) of 30.6%, in the middling 57th annual percentile.

atvi stock chart


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI