Video game giants Electronic Arts Inc (NASDAQ:EA), Roblox Corp (NYSE:RBLX), and Take-Two Interactive Software, Inc (NASDAQ:TTWO) are filing in and out of the earnings confessional. Let's take a closer look at some of the results and overall market activity below.

Electronic Arts Reveals Buyback Plan

EA was last seen up 0.1% at $130.63 at last glance, after the company missed fiscal third-quarter earnings and revenue expectations on Tuesday and cut its full-year sales outlook. However, Electronic Arts also unveiled a $1 billion share buyback program that helped the stock score a 7.6% gain  -- its largest since May 2022. Shares shed 18.4% in the past three months, even though they are now distancing themselves from a Jan. 24, 52-week low of $115.21.

RBLX Pulls Back from Multi-Year Highs

Despite hitting multi-year highs in the previous session, RBLX is down 13.6% to trade at $65.24 at last check. Though the gaming concern saw smaller-than-expected losses per share for the fourth quarter, a revenue miss and dismal annuals bookings forecast are weighing today. RBLX could mark its worst single-day percentage loss since May, but added 115.4% in the last nine months.

TTWO Cools Before Earnings

Take-Two Interactive stock is taking a breather before the company reports fiscal third-quarter results after today's close. Shares were last seen down 0.7% at $183.69, with a long-term floor at $177 and sporting a 32.5% three month-lead. The Grand Theft Auto parent has a solid post-earnings track record, with shares finishing six of the last eight sessions higher. This time, the options pits are pricing in a 10% swing, regardless of direction, which is larger than the 5.5% move TTWO averaged in the last two years.

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Honeywell International Inc (NASDAQ:HON) announced plans to split into three independent companies following pressure from activist investor Elliott Management. The multinational conglomerate intends to separate its aerospace unit from its automation business and move forward with spinning off its advanced materials division.

Additionally, the blue-chip firm provided a lighter-than-expected 2025 forecast, projecting adjusted earnings between $10.10 and $10.50 per share, falling short of the FactSet consensus estimate of $10.92.

In response to the flurry of updates, HON was last seen 4.4% lower at $212.65, marking its lowest level since early November. The equity recently pulled back to its 200-day moving average, which previously contained a sharp late-October selloff near the $203 level. Honeywell International stock now carries a 5.7% year-to-date deficit.

The stock's typically quiet options pits are buzzing with activity today. So far, 11,000 calls and 2,966 puts have traded hands -- 5 times the average intraday volume -- with the March 240 call seeing the most action.

Shares of semiconductor stocks Arm Holdings PLC (NASDAQ:ARM), Qualcomm Inc (NASDAQ:QCOM), and Skyworks Solutions Inc (NASDAQ:SWKS) are gapping lower after their respective earnings reports. Below, let's take a look at the results and the negative reactions.

Arm Misses on Revenue

ARM is down 3.8% to trade at $166.76 at last glance, after the company missed fiscal third-quarter revenue estimates and trimmed its full-year forecast. Nevertheless, nine analysts raised their price targets, including Rosenblatt Securities to $225 from $180. Shares still boast a 125% year-over-year lead, with support at their 20-day moving average poised to contain today's losses.

Drilling down to today's options activity, 45,000 calls and 36,000 puts have crossed the tape, which is five times the volume typically seen at this point. New positions are now being opened at the most popular contract, which is the weekly 2/7 170-strike call.

QCOM Brushes Off Bull Note

Qualcomm announced better-than-expected earnings and revenue for the fiscal first quarter, but unveiled a disappointing growth outlook for its patent licensing business. The stock was last seen down 5.1% to trade at $166.92, brushing off Deutsche Bank's price-target hike to $175 from $170. Today testing a floor at the $167 level, QCOM still added 20.5% in the last 12 months.

Overall options volume is today running at seven times the intraday average volume, with 32,000 calls and 25,000 puts exchanged. Most active is the weekly 2/7 170-strike call, where new positions are being opened.

SWKS Eyes Worst Day Ever

Underperforming its peers, SWKS is down a whopping 26.2% to trade at $64.26 at last glance, well on its way to its worst single-day percentage loss on record. While the firm beat profit estimates for the fiscal first quarter, its fiscal second-quarter forecast missed the mark. In the last 12 months, the stock shed more than 38%.

In response, Mizuho and Stifel downgraded the stock to "neutral" and "hold" from "buy" and "outperform," respectively, with Rosenblatt Securities mirroring the former. Shares also attracted at least eight price-target cuts, with both Susquehanna and  J.P. Morgan Securities lowering their objectives to $70 from $100. Brokerages are already leaned bearish prior to today, with 20 of 25 in coverage sporting a "hold" or worse rating.

Video game stock Roblox Corp (NYSE:RBLX) is up 1.3% at $74.75 at last glance, trading at three-year highs ahead and extending its 85.4% year-over-year gain ahead of earnings. The company will announce its fourth-quarter results before the open on Thursday, Feb. 6, and Wedbush last night raised its price target to $83 from $67.50 ahead of the event. 

Options traders are chiming in beforehand as well. So far, 62,000 calls and 38,000 puts have been exchanged, which is 3 times the average daily options volume already. The weekly 2/7 83-strike call is the most popular, with new positions opening there. 

Calls have been more popular than usual leading up to today, too. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) , RBLX's 50-day call/put volume ratio of 3.41 ranks higher than 98% of readings from the past year. 

The equity's post-earnings history leans positive, with five of the last eight next-day moves ending in gains. This time around, the options pits are pricing in a large 18.6% swing, regardless of direction, compared to the 15.8% move the stock has averaged over the last two years. 

Meta Platforms (META) has been gaining a lot of attention since CEO Mark Zuckerberg attended President Donald Trump's inauguration, but it is not the only social media stock worth monitoring. Below, let's take a closer look at Reddit Inc (NYSE:RDDT), Pinterest Inc (NYSE:PINS), and Snap Inc (NYSE:SNAP).

SNAP Eyes Worst Day Since August

Snap shared better-than-expected fourth-quarter earnings and revenue after yesterday's close, but its fiscal first-quarter forecast disappointed. Shares are down 7.7% to trade at $10.74 at last check, looking to mark their fourth loss in the last five sessions and their worst single-day percentage loss since August. A floor at $10.50 could cut losses short, but SNAP still shed 38.1% in the past year. 

Overall options volume for the equity is running at triple the intraday average amount today. The most popular contract is the weekly 2/7 10-strike put, where positions are being opened.

PINS Dips Before Earnings

Pinterest is up next, with fourth-quarter results due out after tomorrow's close. The stock is down 1.1% to trade at $33.01 at last check, and despite its 14.2% year-to-date lead, it is down 19.3% over the last 12 months. Plus, resistance at $35 has been rejecting the shares since October.

PINS has a dismal history of post-earnings reactions, finishing six of its last eight next-day sessions lower. This includes losses of more than 14% after two of its most recent reports. This time the options pits are pricing in a 19.1% swing, regardless of direction, which is larger than the 12.8% move the stock has averaged over the last two years. 

RDDT Fresh Off Record Highs

Reddit's own fourth-quarter report isn't slated for release until after the market closes on Wednesday, Feb 12. The security was last seen up 0.3% to trade at $215.76, and is on track for a fourth-straight gain after yesterday notching a record high of $218.25. RDDT also boasts a whopping 319.8% nine-month lead. 

Reddit stock is a short squeeze candidate. Short interest rose 14.6% in the last two reporting periods, and the 18.55 million shares sold short now make up 19.9% of its available float.