Option Trade of the Week : GME GameStop 8-17-12

  • Home
  • /
  • Blog
  • /
  • Option Trade of the Week : GME GameStop 8-17-12

GME had earnings on 8/16. We saw that GME had gotten to a major support level on 8/15, 1 day before earnings. As a result, we found a low risk trade to enter.

Here is the risk graph for the option strategy for GME. The max risk was $92 for a max reward of $308. Risk now, we have gained 85.90, close to 100%.

Here is the current daily chart for GME:

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose