Best Video Game Stock To Own This Month

An unwinding of pessimism could also benefit the stock

Deputy Editor
Jan 3, 2024 at 12:07 PM
facebook X logo linkedin

Among the 25 best stocks to own in January is video game name Electronic Arts Inc. (NASDAQ:EA). Per Schaeffer's Senior Quantitative Analyst Rocky White's list of best S&P 500 Index (SPX) equities that tend to outperform this month, historically, EA averaged a 6% gain in seven out of the last 10 years.

Though Electronic Arts stock is fractionally lower this afternoon, last seen trading at $135.63, the $135 level that moved in as a layer of support in late-November once again stepped up to thwart today's small dip. At its current perch, a comparable to previous years would put EA at its highest level since November 2021 and add to its 10.2% year-over-year lead

EA Chart 2 January 32024

An unwinding of pessimism in the options pits could provide the equity with some additional tailwinds. Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 10-day put/call volume ratio of 1.59 ranks higher than 86% of readings from the past year. Echoing this, its Schaeffer's put/call open interest ratio (SOIR) of 1.15 stands above 83% of annual readings.

For those looking to bet on the pop, doing so with options looks to be an affordable route. Electronic Arts stock's Schaeffer's Volatility Index (SVI) reading of 17% stands in the low 10th percentile of its 12-month range -- a signal that options traders are pricing in less volatility at the moment. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI