ATVI Bearish inclined Naked Calls 29 Oct Expiry (Oct Track 1)

I just realised I forgot to enter this trade. My thoughts below was written 28 Sep

Whats The Plan/Trade/Thought

• Forced, Because I need to hit the 5% target
  
• I don't have much options, this feels risky. I need to spend time coming up with proper ideas.
  
• I feel lazy and that I need to be serious since I am doing this full time
  
• ATVI looking at it as it is going down. There is a recent pull back but it is still bearish.
  
• ATVI has been moving the opposite of the Index or the VXX. It was also impacted by Evergrande's drop. But only recovered slightly with the market bounced
  
• If anything I see ATVI ranging near term
  
  Imagine Yourself Taking The Other Side
  
• Do I need this trade? Since you feel it is forced and that you did not put in effort
  
• What if it rebounds up? Their last earnings was higher than the estimates
  
• Christmas is coming, this can boast interest in the stock
  
  Imagine Yourself As A Neutral Observer
  
• The Other Side, also feels convinced that ATVI is bearish
  
• The key issue feels like no prep was done and it is a forced trade. I am not being professional
  
• Other Competitors in this space like EA have similar down trends (Feels like a sector drop)
  
  Look For New Information
  
• Recently ATVI has negative news on the workplace culture and discrimination
  
  How Do I Feel Now
  
• This is not a company that will fail entirely near term due to it's strong gaming titles that has a strong following.
  
• This is probably the last time I can/should trade this bearish move
  
  
  Trade Specs
  
• Sold 80 CALLS @ 0.50 Strike 84
  
• % to Strike is 8.9%
  
• ATR % is slightly on the high side at 60%
  
• Max Gain: est $4000
  

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

Yatta!