Bearish flow noted in Electronic Arts with 2,949 puts trading, or 1.5x expected. Most active are 3/28 weekly 131 puts and Feb-24 140 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 1.70, while ATM IV is up over 1 point on the day. Earnings are expected on May 7th.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EA:
- Electronic Arts participates in a conference call with Benchmark
- U.K. game sales declined 3% year-over-year in January, GI.biz reports
- U.S. game spending rose to $57.2B in 2023, says ESA and Circana
- What You Missed This Week in Video Games
- Electronic Arts price target lowered to $160 from $165 at Baird