After beating analyst estimates, ATVI raced to the next area of resistance at $12. Still have room for more, but it's a Friday and I don't feel like holding anything over the weekend. It will consolidate a bit before jumping higher. I'll wait and see if I get back in or not. Don't intend on chasing price. Here are the the trade details:
- Bought June $11 Calls @ $0.85
- Closed June $11 Calls @ $1.45
- Profit of 70.5% or $0.6 x Number of Contracts
Here's the chart...