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How to trade stocks for emissions

One of the hottest video game stocks is reporting next week.

Activision Blizzard, which will be reported on Tuesday, has increased by 39% this year. By comparison, the S&P 500 has risen only 1%.

Todd Gordon, CEO of Ascent Wealth Partners, sees tailwinds that should drive Activision even higher.

“Video games are appealing to older demographics; we have a slow restart of Hollywood movie production; content creators like Netflix are reaching deep into their content pit, and video game companies will see increased demand if Hollywood production continues to stifle,”

; Gordon told CNBC’s “Trading Nation” ” on Thursday.

Activision produces popular series including Call of Duty, World of Warcraft and Overwatch.

“When we look at the chart here, I like the level of resistance we’re looking at here, about $ 85 … We really like this trend, which leads to income like this, especially in the new home, work environment,” Gordon said.

“If you want to own the stock, it really seems like a good idea to go into income. If you want to make an alternative play, here’s something I’ve lost for you here – go out for the September months, buy 82.5 calls and sell The 87.5 call, Gordon said.

The $ 5 spread that expires Sept. 18 costs about $ 1.90, Gordon said, explaining that “there is a $ 190 maximum risk, potentially [to] earn $ 310. “

Activision closed Friday at $ 82.63.

Publication: Ascent Wealth Partners owns Activision Blizzard.


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