Gamestop (GME) Offering Possible 32.45% Return Over the Next 29 Calendar Days

Gamestop's most recent trend suggests a bearish bias. One trading opportunity on Gamestop is a Bear Call Spread using a strike $220.00 short call and a strike $240.00 long call offers a potential 32.45% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $220.00 by expiration. The full premium credit of $4.90 would be kept by the premium seller. The risk of $15.10 would be incurred if the stock rose above the $240.00 long call 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 68.48 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) Stock Sinks As Market Gains: What You Should Know
Tue, 16 Nov 2021 22:50:10 +0000
GameStop (GME) closed at $207.18 in the latest trading session, marking a -0.94% move from the prior day.

GameStop stock pops thanks to Ryan Cohen’s ‘small wee wee’
Mon, 15 Nov 2021 17:36:00 +0000
GameStop's Cohen tweeted backwardly about his size early Monday morning, and Reddit's Ape army is bullish.

You’ve Got 13,601 More Reasons to Sell GameStop Stock
Mon, 15 Nov 2021 11:00:41 +0000
Barron’s reported on Nov. 8 that the New York State Teachers’ Retirement System sold 13,601 shares of GameStop (NYSE:GME) stock in the third quarter Source: quietbits / Shutterstock.com Fear not, meme-stock lovers. The pension fund still owns 61,150 shares of GME stock.InvestorPlace – Stock Market News, Stock Advice & Trading Tips According to WhaleWisdom.com, GameStop is the pension fund’s 532nd-largest holding, so it’s clearly not a big deal and most likely a case of taking profits. The fund f

Swiss National Bank Scooped Up AMC, GameStop, Palantir, and Snowflake Stock
Sun, 14 Nov 2021 12:00:00 +0000
Switzerland’s central bank bought more AMC Entertainment, GameStop, Palantir, and Snowflake stock in the third quarter.

GameStop Is Set to Rebound if Q3 Sales Beat Expectations
Fri, 12 Nov 2021 20:45:18 +0000
GameStop (NYSE:GME) looks like it could be turning the corner financially. In its fiscal second-quarter results released on Sept. 8, sales rose to $1.183 billion from $942 million last year. Moreover, its net income loss was much lower than last year. Investors in GME stock could see a major turnaround sometime within the next year. Source: Shutterstock Moreover, as I pointed out in my article last month, the company’s quarterly net free cash flow (FCF) loss was much lower compared to fiscal Q1.

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