Wednesday, September 23, 2009

Options for ERTS, Electronic Arts Rumoured to Be Acquired by Microsoft

Rumours are everywhere that ERTS will be acquired by Microsoft. The stock is up 5% today. If the rumours are true they stock may rise further, if they are false, the stock will come down. Another perfect scenario for our favourite trade method.

See below for straddles:

5-day chart:

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