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Sunday, June 19, 2022

Options trade : GameStop (GME) bullish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


6/242021

sell -1 July 2, 2021 $170 put at $2.22 (prob ITM 14%)

buy +1 July 2, 2021 $152.50 put at $1.01 (prob ITM 7%)

  • net credit:  $1.21
  • GME = $217.81
  • oversold
  • 8 DTE
  • margin = $1750


7/2/2021 (expiration)

buy back short $170 put at $0.01 to remove the risk

let the long put expire

NET PROFIT:  $118.67 (in 8 days)