One of the hottest video game stocks is preparing to release a report next week.
Todd GordonThe managing director of Ascent Wealth Partners believes that tailwind will push Activision higher.
Gordon said: “Video games are becoming more and more attractive to the aging population; we are slowly starting to resume the production of Hollywood movies; content creators like Netflix are going deep into their content fields. If Hollywood production continues to be suppressed, video game companies’ Demand will increase.” told CNBC”Trading country” Thursday.
Activision produces popular franchises, including “Call of Duty”, “World of Warcraft” and “Overwatch.”
“When we look at the chart here, I like the resistance level we see here, which is around $85…We really like this trend and it brings such benefits, especially in new family homes. , Work from home environment.” Gordon said.
“If you want to own stocks, it’s definitely a good idea to enter the earnings. If you want to trade options, this is what I prepare for you-until September, once a month, buy 82.5 phones and sell 87.5 phones. “Gordon said.
Gordon said that the $5 spread that expires on September 18 would require approximately $1.90, and explained that “the maximum risk is $190, [to] Earn 310 dollars. “
Activision closed at $82.63 on Friday.
Disclosure: Ascent Wealth Partners owns Activision Blizzard.