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Rap Sheet

Author:

Jester Debunker

Subject:

Analysis

Date:

11/18/15 at 8:50 AM CST

 

 

READ: 4

RPLY: 1

0

0

RECS:0

Sentiment:

Neutral

Star Wars Battlefront

EA's Star Wars Battlefront is out, and reviews are decent but not great. 77% Metacritic for PS4, 74% for XB1. This, plus a typical "sell the news" may have been a catalyst for yesterdays early morning dump which then recovered. I imagine volatility may pick up as there ends up being a potentially large gap of opinions on how well it's actually selling through. Ultimately, provided it doesn't bomb at retail, which I seriously doubt will happen, I think EA will have no problem meeting or beating the revenue they already guided for it, and then meeting and beating earnings. Therefore I may be looking to sell puts if it dumps again to low $60's. Confidence should pick up as we get closer to the movie release too.

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