Bearish flow noted in Electronic Arts with 5,311 puts trading, or 10x expected. Most active are Jun-23 115 puts and 5/5 weekly 131 calls, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 2.63, while ATM IV is up over 1 point on the day. Earnings are expected on May 9th.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on EA:
- Oppenheimer sees Activision standalone value in mid-$80s per share
- Electronic Arts price target raised to $124 from $118 at Barclays
- Sony says ‘Resident Evil 4’ most downloaded PS5 game in March in U.S., EU
- Electronic Arts reveals new brand vision, identity and logo for ‘EA Sports FC’
- Early notable gainers among liquid option names on April 4th
