Gamestop (GME) Offering Possible 38.12% Return Over the Next 15 Calendar Days

Gamestop's most recent trend suggests a bullish bias. One trading opportunity on Gamestop is a Bull Put Spread using a strike $43.00 short put and a strike $38.00 long put offers a potential 38.12% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $43.00 by expiration. The full premium credit of $1.38 would be kept by the premium seller. The risk of $3.62 would be incurred if the stock dropped below the $38.00 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 70.39 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

Activision’s Destiny: Huge Sales Disappointment vs. Expectations
Thu, 06 Nov 2014 20:24:00 GMT

GameStop Corp. Announces Third Quarter 2014 Earnings Release Date and Conference Call Webcast
Thu, 30 Oct 2014 13:43:24 GMT
noodls – GRAPEVINE, Texas–(BUSINESS WIRE)–Oct. 30, 2014– GameStop Corp. (NYSE: GME) today announced that the company will report earnings results after the market closes on Thursday, November 20, 2014 for its …

GameStop Corp. Announces Third Quarter 2014 Earnings Release Date and Conference Call Webcast
Thu, 30 Oct 2014 13:00:00 GMT
Business Wire – GameStop Corp. today announced that the company will report earnings results after the market closes on Thursday, November 20, 2014 for its third quarter ended November

Wal-Mart’s Call of Duty: Rally Troops Around Used Games
Wed, 29 Oct 2014 14:17:53 GMT

GameStop and St. Jude Children’s Research Hospital® Invite Consumers to Play it Forward During the Annual St. Jude Thanks and Giving® Campaign
Wed, 29 Oct 2014 13:00:00 GMT
Business Wire – GameStop , a family of specialty retail brands that makes the most popular technologies affordable and simple, is again joining forces with St. Jude Children’s Research Hospital® to ask the public to, “Give thanks for the healthy kids in your life, and give to those who are not.” For the second year, GameStop will participate in the annual St.

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