Activision Blizzard's stock could soon be on a hot streak.
The video game maker behind "Call of Duty" reports first-quarter earnings after Thursday's closing bell, and the options market is implying a 6.5% move in either direction — a meaningful swing for a stock that has gained less than 5% year to date. And although the stock has had a difficult 12 months, shedding about 29% in market value, options traders are more bullish than bearish heading into earnings, Dan Nathan, principal of RiskReversal.com, said Wednesday on CNBC's"Call volume today ran a little hot to that of puts. It was about two times that," Nathan said. "And it was interesting that a lot of the call buying, or the most active call strike, was in the weekly $50 calls.
"It's still down about 35% from those all-time highs," Nathan noted, referencing the above chart. "The thing obviously topped out last year. But look at this consolidation that it's making here. And, so, if you're going to buy short-dated calls into that print, you're making a defined-risk bet that it's going to break out, finally, after this long consolidation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GE stock is not in the clear yet despite this week's earnings beat, trader saysOne options trader is betting that the industrial giant's stock could fall another 13% in the near term, market watcher Mike Khouw says. Who gives a crap about what “a trader” says
Source: CNBC - 🏆 12. / 72 Read more »
GE stock is not in the clear yet despite this week's earnings beat, trader saysOne options trader is betting that the industrial giant's stock could fall another 13% in the near term, market watcher Mike Khouw says. Who gives a crap about what “a trader” says
Source: CNBC - 🏆 12. / 72 Read more »
Ford beats on first-quarter earnings, stock surgesFord posted lower profit for the first quarter but beat analyst estimates as pickup truck sales remained strong in its core US market.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Apple's stock is surging, but Wall Street analysts thought earnings results were just 'fine'Wall Street analysts see Apple headed in the right direction after its earnings report Tuesday, but were less optimistic than the market. It’s all a game of Smoke & Mirrors. AppleSupport Apple They've stopped caring for customers.. Many like me are facing pathetic attitude of AppleSupport towards their customers. case ID: 100800933452 & Case ID: 20000042499650 Of course, because Wall Street wants to control and manipulate all stocks.
Source: CNBC - 🏆 12. / 72 Read more »
Apple's stock is surging after earnings, but analysts aren't that impressedWall Street analysts see Apple headed in the right direction after its earnings report but were less optimistic than the market. What is the channel number for Comcast?
Source: CNBC - 🏆 12. / 72 Read more »
Traders Brace for Big Moves After GE Earnings This WeekOptions traders are betting on an explosive move in General Electric shares after its earnings on Tuesday, a sign that turbulence in the battered stock may not be over. 📉 this company can’t do anything right
Source: WSJ - 🏆 98. / 63 Read more »
Ford's earnings proved the automaker's risky bets are paying off — and investors are buying inFor the last several years it seemed like Ford could do nothing right, but despite a steep decline in first-quarter profits, investors are turning upbeat on the second-largest domestic automaker, sending Ford shares soaring past the $10 mark for the first time since last August.
Source: CNBC - 🏆 12. / 72 Read more »
Apple surges 6% day after earnings beat—here's what 4 experts predict will come nextThe iPhone maker's fiscal second-quarter earnings report topped Wall Street expectations and suggests broad-based improvement at the company, some experts say. Suckers. That's what comes next.
Source: CNBC - 🏆 12. / 72 Read more »