Electronic Arts with repeat option action late yesterday
Electronic Arts with repeat option action late yesterday. The stock was off nearly $4 to $128.05 on the day and 6.8K Jan 105 puts sold at $2.33 while 6.8K Jan 135 - 160 call spreads bought for $5.83. The three-way is notable, not just for its size, but because it added to 6.8K opened Tuesday. The investor is apparently a willing buyer of shares at $105 should the stock tumble 18% and the short puts assigned, while getting upside exposure to $160 (+25%) with the 135 - 160 call spread.