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Blitz Daily: Activision’s Legal Woes Send Shares Lower — but Bulls Are Buying

by | Nov 17, 2021

In Wednesday’s Blitz Daily, we take a look at digital entertainment company Activision Blizzard after its share price hit new 52-week lows.

Video game veteran Activision Blizzard is facing another round of serious legal issues as more employees come forward with charges of work-related sexual misconduct — including an allegation of two rapes by one supervisor in 2016 and ’17. 

On top of its workplace problems, the latest instalment of its flagship Call of Duty game franchise, Vanguard, has failed to impress with sales. According to a number of gaming news websites, sales of the new title are down 40% year-over-year in the United Kingdom.

Activision shares have been in a freefall since the first round of legal problems, dropping over 28% since late July. Once again, the bulls are back to buy the blood on ATVI as big buyers scooped up more than 2,800 contracts of the Jan. 21, 2022, $67.50 call options for over $279,000 in premium!

And if video game companies don’t hit the right buttons for you, I have four more trades seeing a lot of love on Wednesday…

  • American Eagle Outfitters Inc. (NYSE: AEO): Nov. 19 $26 CALL.
  • Hut 8 Mining Corp. (Nasdaq: HUT): April 14, 2022, $30 CALL.
  • Bitfarms Ltd. (Nasdaq: BITF): May 20, 2022, $15 CALL.
  • Apple Inc. (Nasdaq: AAPL): Nov. 26 $155 CALL.
  • Activision Blizzard Inc. (Nasdaq: ATVI): Jan. 21, 2022, $67.50 CALL.

Check out my short video, and I’ll break down the day’s most unusual options order flow in two minutes flat! 

For more guidance through the stock markets and big money trades like these as we head into the new year, check out my Weekly Blitz Alerts strategy!

Blitz Daily With Lance Ippolitto

At Weekly Blitz Alerts, we like to print money, baby! I know, I know, you’re probably thinking, “Lance, how do we do that? Print money? Come on…”  

But in all seriousness, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Tracker, which alerts me to big, institutional options order flow throughout the day. Then we get in on these plays and follow the “smart money.”  

By doing this, we cash in whether the broader market is going up, down or sideways. 

The Blitz Daily with Lance Ippolito is where I go over a handful of options trades that hit my Blitz Tracker each day, Monday through Thursday. I will break down the trade with the sexiest order flow and tell you exactly what I think can happen with that stock by the next day’s opening bell. 

If you want in on these fast-moving options plays, with entry, exit and profit targets sent directly to you via text and email alerts, be sure to sign up for Weekly Blitz Alerts!  

In the meantime, you can follow me @LanceIppolito on Twitter, Instagram and our YouTube channel for more trading insights and tips. And as always, you can find me right here talking stocks and options trading — and printing money — on WealthPress.com!

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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