Activision Blizzard (ATVI) ticks 3 cents higher to $11.97 and options volume on the video game-maker is 3X the daily average heading into earnings, due out after the closing bell today. Feb $12 calls are roughly at-the-money and are the most actives. 3,679 traded in smaller lots. The top trade is a 100-lot for 35 cents when the market was 35 to 36 cents. Feb $13 calls are seeing interest as well. 9,620 calls and 2,580 puts traded in ATVI ahead of the news and implied vols are lifting 6 percent to 35.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.