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$GME breaks up

4/9/2015

Got out of the gamestop long put position.  If I were interested in playing $GME short again I would look for the BB% to cross back down over the 1.00 line then sell short/buy put contracts.

Looking at it longer term, it seems range bound between about $34 and $44.  To play this with common stock long, I would wait for the short-term short play to bottom out (probably around 34) and then by common stock and set a stop-out at $32 and a target of $44... but I don't play that way (yet).

Currently focusing on $LL, which I may try to add to my long calls with common stock next week if we can break through the overhead supply from the last gap down.