Gamestop Corporation (GME)

[PennyStockTrader2]

THE GAMESTOP CORP of A-MER-EE-CU

Another week all the options I wrote went out worthless, BUT I also didnt get nearly what I should have for those options had I just been more patient waiting on those spikes I talked about when the premiums spike. So for next week I'd be waiting for spikes above $26 - the key is patience, and price in and of itself isnt enough, its the spike and volatility that will fetch you the higher premium. At this point it seems like 10% premium for options expiring in a week at the money seems like a far fetch, but we could get it, for example the stock spikes to $27.50 on monday we might get $2.30, but I would start writing at maybe $1.50.

You could spend weeks and months trying to make money with premiums, but if its a slow grind, money might be better spent elsewhere. Thats why its good to diversify.