Thoughts on GameStop puts? There’s no way in hell that company should be worth 10x what it was pre COVID: it’s a dying traditional retailer whose margins are being squeezed by just about everyone in that space

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BuT rYaN CoHen

likefunny

Why does everyone think that GameStop is dying? That’s just not true.

Modern day niche retailers have been successful in other industries, same principles apply here.

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Well yeah - this short squeeze was the perfect chance for the company to sell stock through their shelf registration. So even less likely they will go bankrupt now

But no idea what they plan to do with any money they raise

Puts too expensive, better off with shorts at key resistance areas. Killing the short squeezes can be difficult since it attracts more shorts though so it could keep squeezing. I would not hold overnight and respect stop limits.

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IV is beyond ridiculous. Wait for it to cool down otherwise you’re just gambling.

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Good luck. Already was a very crowded trade week + ago. Likely to shoot up if a significant amount of shorts actually start covering.

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Their e-commerce division killed it last year. Not just a brick & mortar

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Betting someone got called or a (small) fund blew up. GSX, NKLA, GME all peaked at around the same time. Huge spikes in volume in minutes leading up as well.

For how crowded the GME short was, I’d stay away. This run can force others to cover, which shoots it up further.

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Puts scare me even if it’s nkla

Market can stay irrational than you can stay solvent.

I feel good in theory but the price tag is too spendy for me.

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Earlier Gamestop was supposed to file for bankruptcy, now they could make many more file for bankruptcy.
Play safe!

likefunny

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