Investors with a lot of money to spend have taken a bullish stance on Electronic Arts EA.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with EA, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Electronic Arts.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 40%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $43,641, and 9, calls, for a total amount of $422,034.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $135.0 to $150.0 for Electronic Arts during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Electronic Arts stands at 1913.5, with a total volume reaching 2,681.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Electronic Arts, situated within the strike price corridor from $135.0 to $150.0, throughout the last 30 days.
Electronic Arts Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EA | CALL | SWEEP | BULLISH | 08/02/24 | $1.95 | $2.0 | $2.0 | $150.00 | $120.1K | 33 | 2 |
| EA | PUT | SWEEP | NEUTRAL | 01/17/25 | $11.3 | $11.1 | $11.2 | $150.00 | $43.6K | 141 | 0 |
| EA | CALL | TRADE | NEUTRAL | 09/20/24 | $3.5 | $3.3 | $3.4 | $150.00 | $41.8K | 5.7K | 404 |
| EA | CALL | TRADE | BEARISH | 09/20/24 | $3.4 | $3.2 | $3.2 | $150.00 | $41.6K | 5.7K | 570 |
| EA | CALL | SWEEP | BULLISH | 07/19/24 | $1.3 | $1.25 | $1.25 | $145.00 | $41.0K | 1.9K | 784 |
About Electronic Arts
EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. The firm owns number of large franchises, including Madden, EA Sports FC (formerly FIFA), Battlefield, Apex Legends, Mass Effect, Dragon's Age, and Need for Speed.
Current Position of Electronic Arts
- Currently trading with a volume of 2,753,607, the EA's price is up by 2.5%, now at $144.09.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 20 days.
What Analysts Are Saying About Electronic Arts
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $156.5.
- An analyst from Stifel persists with their Buy rating on Electronic Arts, maintaining a target price of $163.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on Electronic Arts, which currently sits at a price target of $150.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Electronic Arts options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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