GME
My suggestion late last week to short GME puts at EOY paid off.
I sold $28.5 puts expiring today for $0.90, covered at the close
for $0.20. As I thought, all the selling was tax loss EOY, and this
week it was up 1% despite the Nasdaq tumbling 7.3%. If not for
that, I'm sure they would have expired worthless. I think the same
story will play out next week, with one caveat that adds risk,
which is their holiday sales update should be coming. My guess,
Wednesday. I think it could be better than expected, with what is
likely very strong console sales, strong BLOPS3, and Battlefront
picking up in the last two weeks of December.
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