Rolling Option Calls

17 mai 2015

Well I've held some calls for some time now that are nearing expiration so I'm looking to roll them over instead of taking profits on them for my overall longer term bullishness on this company. Also, we have had some good press releases for EA come out this weekend on Seeking Alpha and another article arguing the "bull case" for the company in Barron's the previous week. So I'm comfortably long the company and looking to roll my calls with price targets for some profit taking being $65 and $70. I grabbed $70 as a price target from previous resistance dating a couple months back (I'll attach a screen shot of the monthly chart). Do note that its a slow grind up so patience is required as you can be bouncing between the "red / green P/L" for a while before going solidly into profit on the trade do make sure to pick your expiration's wisely if your a shorter term options player.

Short Term Resistance: $63.05/.38

Cheers =)