ATVI Call Roll:?Net the customer paid .115 for 20,000 of the Sep 44-Sep23 45 call spreads.
Activision Blizzard Inc., trading 43.27 (up .47) with an IV30 of 23.32 and an HV10 of 11.45, is seeing a call roll today.? ATVI trades about 19700 contracts a day and has an open interest of 196,700.? A trader bought 20,000 of the Sep 44 calls to close paying .38 and then rolled out a week and up a strike by selling 20,000 of the Sep 23 45 calls at .26 and .27.? Net the customer paid .115 for 20,000 of the Sep 44-Sep 23 45 call spreads.
This appears to be a call over writer that was short at the 44 strike moving out a week and up a strike to get out of the way of any potential small up move in ATVI over the next 8 trading days.? The trader apparently thinks a 2% up move is in the cards but a 5% up move between now and the 23rd is not in the cards.
This trade should be considered bullish the underlying and mildly bearish volatility.