Prior GameStop bear Andrew Left is returning to Benzinga for an interview three years after his prior appearance became a key storyline in the short squeeze of 2021.
GameStop (NYSE:
GME): buy GME stock and profit from the fat premiums on call options. It’s a conservative tech investor’s way of making money on a stock that’s too hot to buy, but too strong to ignore.
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Investors following that strategy would have seen a 25% gain in three weeks not bad for an options strategy with capped upside. But with shares now up 1,000% since last year, people are starting to ask themselves: “How did we get here in the first place?” The answer is a complicated mix of finance, momentum and a virtual game of chicken. So, here’s how we got to where we are, and where GME stock might head next.
Author Bio
Rhian Hunt grew up in a crowded Connecticut suburb before moving to Wisconsin, where he enjoys being an outdoorsman, relishing the struggle against mountainous snowfalls during the eternal-seeming winters and aerial armadas of mosquitoes over the summer. Rhian studied Business Economics and Microeconomics at the University of Wisconsin. A lifelong interest in writing led to first professional freelancing, then becoming a Motley Fool author.
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