Intraday Update: GME

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

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication

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