Gamestop Offering Possible 17.37% Return Over the Next 30 Calendar Days

Gamestop's most recent trend suggests a bullish bias. One trading opportunity on Gamestop is a Bull Put Spread using a strike $37.00 short put and a strike $32.00 long put offers a potential 17.37% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.00 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock dropped below the $32.00 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 22.86 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

9:30 am Gamestop announces that it has received additional Sony (SNE) PlayStation 4 systems that are now available for customer purchase at U.S. GameStop stores
Thu, 23 Jan 2014 03:44:15 GMT

NYSE stocks posting largest volume increases
Wed, 22 Jan 2014 23:03:27 GMT

Reser’s Fine Foods and GameStop Return to Sponsor Matt Kenseth in 2014 NASCAR Nationwide Series
Wed, 22 Jan 2014 22:41:46 GMT
noodls – Reser's Fine Foods Increases Sponsorship to Seven Races; GameStop Returns for Seventh Season with 10 Races HUNTERSVILLE, N.C.–(BUSINESS WIRE)–Jan. 22, 2014– Joe Gibbs Racing announces today that Reser's …

Reser’s Fine Foods and GameStop Return to Sponsor Matt Kenseth in 2014 NASCAR Nationwide Series
Wed, 22 Jan 2014 22:20:00 GMT
Business Wire – Joe Gibbs Racing announces today that Reser’s Fine Foods and GameStop will return in 2014 to sponsor Matt Kenseth in the No. 20 Joe Gibbs Racing Toyota NASCAR Nationwide Series Toy

New Supply of Sony PS4 Consoles Now Available at GameStop
Wed, 22 Jan 2014 15:18:26 GMT
noodls – Limited Supply of PlayStation® 4 Systems Available at U.S. Locations GRAPEVINE, Texas–(BUSINESS WIRE)–Jan. 22, 2014– GameStop (NYSE: GME) announced today that it has received additional Sony PlayStation® …

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