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GameStop Corp. Message Board

  • leroy_gonzalezaa21452 leroy_gonzalezaa21452 Jan 28, 2012 2:32 PM Flag

    Puts Now

    I have tried to time the market myself without much success.

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    • Im bullish on gamestop and just stick mainly to the options, however I do own a couple hundred shares. What I do with GME and has worked well is wait sell puts (leaps) for next year and take in the premium. You can get some nice premiums at a strike price of 20, especially if falls a little bit more. Anything is possible but if you don't mind owning GME at $20 minus the premium you get its well worth it. Been doing this for 3-4 yrs now and have benefited greatly. Don't have a chart in front of me, but I believe its low in the past 5 yrs has been around $18. Maybe your bearish on the company and are going to buy puts? However you play it good luck, but I believe with GME being debt free, cash on the side and some new hardware and games coming out, it should pop back up to $28-$30 range where it belongs. Just my opinion. Good luck Mike

 
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