GameStop shares jump after the Reddit favorite raises $551 million in stock sales

[NewsFeeder]

GameStop shares jump after the Reddit favorite raises $551 million in stock sales

GameStop sold 3.5 million additional shares, raising $551 million to speed up the company's e-commerce transformation.

More @ CNBC...

 

[SWAVET]

You could own GME for 1/2 of the current trading at $181

Buy covered call 100 shares then sell 01/23/2023 $300 CALL and also sell 01/21/2022 $100 PUT for cost less than $87 or $8,700 (48% of current trading) vs to buy 100 shares @ $18,100.