The security is trading near its recent record peak
Electronic Arts Inc. (NASDAQ:EA) shares were last seen slightly above breakeven at $203.92, ahead of a meeting with stockholders. Earlier this year, the videogame publisher revealed plans to be acquired by a consortium -- including Saudi Arabia’s sovereign wealth fund, Silver Lake, and Affinity Partners -- in a massive take-private deal valued at $55 billion.
Despite the sideways price action, the stock boasts a 39.4% year-to-date gain and is now enjoying support from the 20-day moving average. The security isn't far off its Dec. 8, record high of $204.60 and is now on track for its fifth positive session out of eight.
Options look attractively priced. The security's Schaeffer's Volatility Index (SVI) sits in the low 9th percentile of its annual range, meaning options traders are pricing in low volatility expectations.
It bears mentioning that Electronic Arts stock's Schaeffer's Volatility Scorecard (SVS) sits at 83 out of 100. This indicates EA has tended to outperform volatility expectations over the past year.