ATVI was a bit above 70 in the last couple of months when 'deal going through' pessimism was at a maximum. I have 500 shares at 82. I've sold calls numerous times and made a little money. Right now the price of the calls is predicated upon the success/failure of the deal. If the deal fails, prices go way up because investors see longer term a much higher price than the 95 buyout offer. So, what's the bottom line? If deal flops I could see a very short term plunge in ATVI, meaning a few days or even hours and then a nice move up to around it's present price. I could see the mid 60's on that pullback but I don't see the deal failing at this point.$Activision Blizzard(ATVI)$