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  • Swing Options Tips – (ATVI) – May 4, 2020

    May 04, 2020 Swing Options Tips Comments Off on Swing Options Tips – (ATVI) – May 4, 2020

    ATVI Trade Idea:

    On CNBC’s OptionsAction show on Friday, Tony Zhang looked at the growth in online and mobile during COVID-19. Gaming traffic and viewership have increased by 75% and 30% respectively in March, providing a tailwind for an industry that was already growing at a rapid pace before COVID. Expecting ATVI strength to continue, Tony suggests Selling a May $64/61 Put Vertical @ $1.18 Credit. As of Friday’s close, these puts were trading at $1.09 Credit.

    We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: ATVI OptionsAction Trade

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