Looks like $EA has a smiliar pattern before. Is the history going to repeat itself?
Remember, gaming is a cyclincal business like it or not.
Question is, it took roughly two years for EA to find the bottom last time, how long do you think it is going to take?
Max Profit: $175/contract* ($87 at 50% max; 38.7% return on capital)
Max Loss/Buying Power Effect: $225/contract
Break Evens: 93.25/121.75
Notes: Another scrounge-around trade in an underlying with fairly high rank/high implied (51/45) post-earnings.
Obvious Alternative Setups:
April 18th 95/120 short strangle, 5.11 at the...
Crypto Crusader here for another blue chip analysis.
Electronic Arts, alongside other major game publishing stocks has been on a steady decline after creating new all time highs. Free to play Fortnite while still growing, has taken a decent share of their customer population, based on the free to play aspects of Fortnite, along with the fact that Fortnite caters...
Buy: $84 Put 02/08
Sell: $79 Put 02/08
Buy: $74 Put 02/08
Max Profit: $750
Volatility contraction trade, TP around 10-20% of max profit. Somewhat risky but with a nice 3:1 Reward/Risk ratio.
Hi traders, Stock of EA will drop more than 17% on its current price as 3rd quarter earning report results. EA cuts outlook revenue as its iconic "Battlefield" latest sequel failed to perform than expected. EA executives said the "Battlefiled V" had poor sales selling a million fewer units than they have expected. Shares of EA eventually plunged by 18 percent...