Well ATVI made a new 52 Week High on a Q1 Beat and boosted full-year guidance for the company. I bought the dip with AUG 15 Calls. Looks like it'll work out just fine even though I took a more aggressive entry, since we did form a bullish dragonfly doji / hammer candle showing bids picking up the dip. The previous days selling volume looks to point more towards profit taking by individuals holding long positions prior to the breakout. The stock is roughly up 30% YTD and I'm looking for a push beyond 25.14 taking some profit off at 26.00. A more conservative trade would of been for me to get in on a retracement at the open tomorrow.
Cheers happy trading =)
Cheers happy trading =)