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Shares of Electronic Arts
ERTS are higher on the session by 1.40%, currently trading at $21.79. The stock has been moving largely lower over the past five weeks and is currently trading below the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $21.00 put, which has traded 9,200 times on open interest of 11,542 contracts.
Put volume is outpacing call volume by 4 to 1.
Electronic Arts Inc. develops, markets, publishes and distributes game software and content that can be played by consumers on a variety of video game machines and electronic devices (platforms), including video game consoles.
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