GME up over 100%.... what is going on now?

[donnap]

I just legged in to a June 25 bear put spread 200/180 for 6.45.

I'm trying for more, but the price is moving away.

Compromised a bit here. Completed the 6/25 200/190 bear put spread for 3.90

That's it for me.

 

[traider]

leg into the call vertical at a favorable price so you have a good IC

 

[donnap]

leg into the call vertical at a favorable price so you have a good IC

Well that'd be OK, but this a directional trade.

I'll be looking for some hedging below 200. Otherwise....

 

[KCalhoun]

Not a trade recommendation but if I were swingtrading GME I'd short tf out of this pos at 207 & 197 cover stop 210 target 160

Currently at 213 prefed 1pmET

 

[donnap]

I just legged in to a June 25 bear put spread 200/180 for 6.45.

I'm trying for more, but the price is moving away.

Out this one for 7.50. Lousy leg out. +100

 

[Tavurth]

GME raised 1.13 billion in their now completed ATM offering.

https://investor.gamestop.com/news-...op-completes-market-equity-offering-program-0

 

[donnap]

Compromised a bit here. Completed the 6/25 200/190 bear put spread for 3.90

That's it for me.

Leg out this one for 2.20 yesterday at around 11am EDT. -170. I was fortunate to get this much out of it.

Roughly -80 overall.

Teaser trade with GME barely dipping below 200 twice. First time, Monday, the spreads had an OK little profit.

This is my fourth GME trade. The front week options, while still having large volumes, did not seem to have the same "in play" fills as with previous trades.

Wide B/As and intraday IV fluctuations made getting prices challenging and time consuming.