GameStop Still Offers High Put Option Premiums, Ideal for Short-Put Income Plays

GameStop (GME) stock has been treading water since its surprise profits released in late March. Nevertheless, its put option premiums have stayed high, ideal for investors who short them for income.

I discussed this opportunity in my last article on April 9, “GameStop's High Option Premiums Are Popular With Income Investors.” In that article, we pointed out that investors could short the $18.00 and $20.00 strike prices expiring on May 5 and make good income. Since GME stock closed at $20.41 on May 5, it seems that these trades worked out well for anyone who held out to the end.