$EA Are all the skeletons out of the closet in EA ?

It is hard to imagine how sentiment could get much worse in EA and the entire gaming space. The last earnings report was a roller-coaster ride of heavy selling then heavy buying, bad news then good news. We think that the stock has finally been flushed out, investors who remain have very low expectations. Tuesdays earnings report may be the opportunity EA needs to readdress this negativity and put the analysts and investors in a better frame of mind. We have the opinion that anything positive in the earnings could give the price a very strong bounce to above $100. It is a risky trade but will hedge with puts.

Company Description
Electronic Arts, Inc. engages in the provision of digital interactive entertainment. The firm develops and delivers games, content, and online services for Internet-connected consoles, mobile devices, and personal computers. It operates through the North America and International geographical segments. Its product brands include The Sims, Madden NFL, EA SPORTS FIFA, Battlefield, Need for Speed, Dragon Age, and Plants vs. Zombies.