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'Fast Money' Traders Weigh In On Sony

Bonawyn Eison said on CNBC's "Fast Money" that Sony Corp (NYSE: SNE) had a tremendous run and it tested $85 a couple of times.

· 09/02/2020 07:16

Bonawyn Eison said on CNBC's "Fast Money" that Sony Corp (NYSE:SNE) had a tremendous run and it tested $85 a couple of times. He advised a viewer with a long position in the name to sell the $85 strike calls to lower his cost basis.

Guy Adami thinks  Sony has lost its way for a long time and it has gotten it back, but it might be time to close the position. He would rather own Electronic Arts Inc. (NASDAQ:EA) and Take-Two Interactive Software (NASDAQ:TTWO).

Dan Nathan looked at Sony's chart and he sees a beautiful uptrend. He also noticed two 30% pullbacks in the last three years so it might be possible to buy the stock lower. Until something changes fundamentally, Nathan would keep buying pullbacks in the name.