By Dan Darrow
December 07, 2022
Intraday Update: GME
GME is down close to 4% in afternoon trading, and the Dec16 strangle has been skewed more in favor of the bear side of the strategy. When it comes to strangles/straddles, we prefer the risk to be closer to 50/50 heading into an event, so we need to adjust the contracts of the trade. Also, as a reminder, GME can be a strange stock at times, so the trade should be viewed as more speculative into the report:
- Long GME Dec16 $25 - $29 call spread
- Long GME Dec16 $20 - $16 put spread
Open Positions
Trader Author Portfolio Holdings
**As of the date and time of publication