Benzinga | Dec 28, 2021 11:02AM EST

Check Out What Whales Are Doing With ATVI

Someone with a lot of money to spend has taken a bearish stance on Activision Blizzard (NASDAQ:ATVI).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with ATVI, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 19 options trades for Activision Blizzard.

This isn't normal.

The overall sentiment of these big-money traders is split between 47% bullish and 52%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $25,025, and 18, calls, for a total amount of $2,310,562..

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $90.0 for Activision Blizzard over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Activision Blizzard options trades today is 5022.92 with a total volume of 8,451.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Activision Blizzard's big money trades within a strike price range of $35.0 to $90.0 over the last 30 days.

Activision Blizzard Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestATVI CALL SWEEP BEARISH 01/21/ $65.00 $367.0K 20.5K 1.5K 22ATVI CALL SWEEP BEARISH 03/18/ $70.00 $347.9K 3.4K 1.0K 22ATVI CALL TRADE BEARISH 01/19/ $55.00 $308.0K 1.0K 381 24ATVI CALL TRADE BULLISH 01/19/ $55.00 $221.1K 1.0K 493 24ATVI CALL TRADE BULLISH 01/19/ $55.00 $220.0K 1.0K 227 24

Where Is Activision Blizzard Standing Right Now?

* With a volume of 2,607,120, the price of ATVI is up 2.49% at $67.08.

* RSI indicators hint that the underlying stock may be overbought.

* Next earnings are expected to be released in 37 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.