GAMESTOP CORPORATIONGAMESTOP CORPORATIONGAMESTOP CORPORATION

GAMESTOP CORPORATION

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GME you buy when they're selling and you sell when they're buying


GME I suggested EOD price between 21.91 and 21.21 at the arrow. Nailed it..? Behold, Fib Channel AVWAP technology.
Snapshot

GME sold $22 strike puts expiring tomorrow and honestly, I want to be assigned

GME either buy or hang on to your britches b*tches. Lets go.

GME Marked yesterday's low to keep an eye on the upside gap fill and it cuts almost exactly across to the close on 3/26...should be an interesting few weeks.

GME Reversal once the pricing period ends at 4pm



GME The heavy sellers have likely been the buyers of the senior convertible notes that are being priced now. They are likely taking short positions in the stock to hedge their position in the convertibles as an arb play. They are betting the volatility in the bond market will outpace the volatility of GME stock.

They are shorting some number of GME shares to hedge the delta (sensitivity of the convertible’s value to stock price). This reduces exposure to equity volatility and captures pure mispricing between bond and stock markets. The bonds will have a put option, guaranteeing buyers will at least break even. Until the put date, they'll play the arb game over and over when GME volatility is high.

Pretty simple, right?