Video Game Maker Sets up Rebound Trade into Investor Day
Electronic Arts (EA) shares formed a strong bull reversal candle on the weekly chart last week and closed Friday right back at the lower edge of monthly value with a potential catalyst this week being its Investor Day on Tuesday 9/17 and still a large amount of over 12k Sept $150 calls in open interest needing a move higher into expiration this week. EA can quickly travel back to the top of the value area near 150 for a quick trade as the weekly expected move this week is pricing nearly 7 points of range.