GME: Highly Shorted Name That Has Exponential Upside Potential
Updated
GME ripped to the upside (44%) when it announced its revenue sharing with MSFT. I believe that the highly short brick and mortar is poised for another breakout to the upside once it breaks out of its trading channel. I want to buy Jan/Feb 21 15Cs. I want to be a buyer of those calls when the stock is trading below or around $11.
Note
Great trade. Sadly for me I got knocked out after their earnings miss. Congrats to those who stayed long. I love learning but it is bitter sweet when you miss out on a thesis.
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