August 04, 2022

Intraday Update: ATVI

It's time to take some money out of ATVI. As the longest-held swing trade, ATVI has finally started to make a move into the low-80s to send the Jan20 $80 - $90 call spread into the money, so this is a nice opportunity to lock in some gains on the LEAP position. The plan will be to close the current spread and roll up to a tighter Jan20 $82.50 - $90 call spread. The next target will be 84+.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication