Gamestop (GME) Offering Possible 29.2% Return Over the Next 31 Calendar Days

Gamestop's most recent trend suggests a bullish bias. One trading opportunity on Gamestop is a Bull Put Spread using a strike $40.00 short put and a strike $35.00 long put offers a potential 29.2% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $40.00 by expiration. The full premium credit of $1.13 would be kept by the premium seller. The risk of $3.87 would be incurred if the stock dropped below the $35.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Gamestop is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Gamestop is bullish.

The RSI indicator is at 48.37 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Gamestop

GameStop (GME) Is Today's Storm The Castle Stock
Fri, 17 Oct 2014 17:38:00 GMT

[$$] GameStop's Holiday Pitch: More Layaway, Generous Financing
Wed, 15 Oct 2014 15:35:37 GMT

GameStop Expands 2014 Holiday Layaway Program to Include More Products Customers Can Reserve and Pay for Over Time
Wed, 15 Oct 2014 14:16:53 GMT
noodls – New PowerUp Rewards credit card offers customers special financing throughout the holidays DALLAS–(BUSINESS WIRE)–Oct. 15, 2014– To kick off the 2014 holiday gift-giving season, GameStop, a family of …

GameStop Announces Updates to Mobile App For iPhone and Android Devices
Wed, 15 Oct 2014 14:16:53 GMT
noodls – New App Brings Heightened Level of Customer Engagement through Enhanced Personalization Capabilities, Innovative Features, and User-Friendly Interface GRAPEVINE, Texas–(BUSINESS WIRE)–Oct. 9, 2014– …

GameStop Expands 2014 Holiday Layaway Program to Include More Products Customers Can Reserve and Pay for Over Time
Wed, 15 Oct 2014 14:09:00 GMT
Business Wire – To kick off the 2014 holiday gift-giving season, GameStop, a family of specialty retail brands that makes the most popular technologies affordable and simple, announced today that

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