|
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.
|
|