Electronic Arts (EA)

Apr 23, 2021Trade Ideas

EA Chart by TradingView

Late yesterday, we highlighted an opportunity in the CHPT June 18, 2021 23 calls.

As we reported yesterday:

According to the company, “With the total cumulative investment in EV charging infrastructure in the United States and Europe expected to be $60 billion by 2030* and $192 billion by 2040*, ChargePoint’s established business model, comprehensive portfolio for nearly every charging scenario today, recurring revenue, and growing customer base demonstrate it is well positioned to continue to lead as the electric mobility revolution accelerates.”

With the underlying stock up $1.88 on the day, those calls should be doing well.

As for new opportunities, take a look at gaming stocks, like Electronic Arts (EA). With video game sales still breaking records, eSports interest, and millions of gamers all over the world, related stocks could see higher highs. Look at March 2021 sales, for example. According to the NPD Group, gamers spent $5.61 billion, an 18% jump year over year.

There are a couple of ways to trade the boom.

One is to buy the Electronic Arts stock up to $145. We have an initial target of $150. Set your stop loss at $138. And, or buy to open the EA June 18, 2021 140 calls at market.

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