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

Trade closed: target reached

Yatta!

Ronin_trader

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Ronin_trader