I don't like that trade, essentially what you did is a synthetic stock using options, its no different than owning the stock outright. Its better you own the stock outright (more liquidity, better ask/bid, and cheaper commissions). If you want more leverage, you can do what I did: buy ATVI and sell near ITM puts. The major downside to more leverage, is you can be in a hurrrting if ATVI pulls down sharply. I expect ATVI to trade between 10.50 and 11.50 by the time January puts expire.
good thing he did his calls for Feb then. i have owned ATVI since MAY 09 and just sold FEB12 PUTS last month and have been steadily buying FEB12 CALLS the last 3 weeks. i do not understand how with all the top notch rated news been coming out why this stock is off 20%+.