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GME YOLO month-end update — Apr 2020
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The business is easily worth $700m, but could be worth up to $1.5b. So somewhere in the general vicinity of that range.

Plus there’s now an opportunity for a short squeeze of some sort, though that was never a part of my original thesis. I still think it’s unlikely but when the shorts exceed the float the possibility needs to be factored in.

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Definitely a possibility. On the other hand GME is one of the few companies out there with a legitimate catalyst coming in the second half of the year.

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Console refresh.

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Hopefully higher.

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Not exactly. I was initially focused on Jan ‘21 and then started diversifying my strikes late last year. My latest purchases were actually the Jul ‘20 6s.

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Thanks - if all goes to plan liquidity will rise to an adequate level for averaging out.

I averaged into the Apr ‘21 contracts over a few months.

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Yes I took some profits the same day as Burry as it turned out. I’ve been buying the recent dip - new strikes/expirations.

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I don’t understand the question.

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If you look at my old posts, you'll see I've been buying into them since June 2019. The most recent purchases were in February 2020.

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Thanks. Still early though.

E-Trade calculates gains based on the average of the bid/ask, not the last price.

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Thanks. Still early though.

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Sounds about right.

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Sales / expiry.

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gamecock

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