3/29/2020 Plan: Volatility remains high with the market having multiple up days in a row last week. With much of the world staying home and many states ordered to do so, we plan a trade in Activision Blizzard (Ticker: ATVI), a name that should hold up well while more people are likely playing more video games.
3/29/2020 Plan (continued): The trade is for those that are willing to take ownership of 100 shares at a much lower price. We see even with the significant drop in the market this year, ATVI has held up quite well. If you prefer a trade and don’t like ATVI long term, simply buy a lower put to cap your risk.
- We sell 1 17 Apr 48 put in ATVI for a midpoint of 0.95
- Prices are as of market close 3/27/2020, actual fill and strikes may differ depending on Monday open, post will be updated accordingly.
- All trades are for educational purposes and do not constitute advice
4/3/2020 Results: Unable to put this trade on this week, unfortunately. Thesis was correct- ATVI is holding up quite well. Overall market volatility has decreased a bit and no trade materialized.
