90/75 Put Spread EXP September 20th
Cost was $4.21 entry and profit target will be the value of the debit.
Max loss will be if it breaks its range at around $100-105
EA has had a poor response to its recent games such as Anthem and it continues to thrive from its sub based market model they aren't overly bad with their products but they aren't captivating gamers. Companies such as CD Projekt Red drive a value based model for their content whereas EA drives a profit per unit model from in-game purchases and expansion packs. Overall I think their earnings will be weak and will slightly damage the sentiment in the stock dropping its rangebound formation into a downtrend.
Cost was $4.21 entry and profit target will be the value of the debit.
Max loss will be if it breaks its range at around $100-105
EA has had a poor response to its recent games such as Anthem and it continues to thrive from its sub based market model they aren't overly bad with their products but they aren't captivating gamers. Companies such as CD Projekt Red drive a value based model for their content whereas EA drives a profit per unit model from in-game purchases and expansion packs. Overall I think their earnings will be weak and will slightly damage the sentiment in the stock dropping its rangebound formation into a downtrend.
Trade active:
Added 85/75 Put Spread EXP September 20th, Price $2.8
Trade closed manually:
$478 loss taken, kaboom. Earnings were great, they make terrible games but they're good at making money