Stock is up strong premarket. My March 18 puts will be worthless today and go out that way tomorrow, and even if this pop does not hold, I'm sure GME isn't going down anywhere near 18. I only have 14 so it's not a back breaker and congrats to longs.
I am not changing my stance. Still think it's a value trap and may get some longer dated puts at some point today.
"Taking advice from you genuises and doing the opposite is how I built my porfolio."
That's funny because I've been almost exclusively bearish on GME since the $50's two years ago, and apparently you've been bullish the entire time. So you'd have about $40 profit instead of $10 profit, if you hadn't done the opposite. Well done!
Homer, there is no need for your beating as the longs still have much ground to cover. I am very relieved to see that the world has not come to an end and hope to see more positive movement in the stock.
I know. I am sticking to my opinion but buying puts instead of outright shorting since that way I can control my max loss. I called longs hard headed bulls yesterday so I guess I am a hard headed bear now, but I simply do not believe the medium to long term story.
BTW, I have $19 puts, not $18, not that will matter tomorrow, but just prefer to be clear.