Just can't get thru to you guys.
Sure the time factor will drop by a day or two BUT at the same time the PPS will go up a buck or two.
Do the math!
I've already (in the last 6 months) been in and out of GME calls and puts a dozen times...Nine wins, one loss and two open at this time.
you are paying mostly for the volatility. Monday the cost of the premiums will drop further due to the decreased time value. you wont see 3 bucks you may get .99 cents for them if you sell back
Today the stock closed down 2.40 and the option closed down 1.40. SO, on Monday/Tuesday when the stock puts back a couple of bucks the options will show a nice profit.
BTW I bought a "little" to soon today at 3.40. (No problem though).
That article was NOT written by a genius!!!!
You just don't understand. Every spring there are options granted and every spring they are exercised. By ALL of the officers/employees etc. (everyone from store managers on up get them).
Look at the past history, you will see it repeated EVERY year.
Its the way that employee incentive options work.
See the article below on today's move, yes, inside sales driven, but most likely a buying opportunity. I am long 20 May 55 calls.
My only fear is that GME will release GTA IV numbers tonight or this weekend that don't meet expectations, which I believe are about a billion copies sold.