Unpopular short : GME GAMESTOP CAN DROP HERE SIGNIFICANTLY!Please be careful, though the hype has begun to die down, the tendies served, and the hedgies served up, they must have been on to the reddit gang since they realized (at Melvin) such significant losses. If I were a successful trading firm, media attention + reddit retail + word of mouth would have me SCHEMING to create conditions to mitigate those previously realized losses.
Food for thought.
That being said, I believe with stimulus news being on the horizon, it is worth noting that maybe it has perhaps priced in this run due to the fact we knew well in advance the unemployment and relief benefits would end at this time.
A new higher high, thus a new trend, but the charts want me short here. Maybe build a collar position at this level, or strangle since volatility is guaranteed to continue as Cohen reworks the company.
