Gamestop Short-Selling Nets Bill Gross $10M, Who Says Current Volatility 'Perfect Opportunity For Options Sellers'

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Gamestop Short-Selling Nets Bill Gross $10M, Who Says Current Volatility 'Perfect Opportunity For Options Sellers'

Benzinga2021-03-17

Bill Gross, the co-founder of fixed income investment company Pacific Management Co., said he managed to book a profit of about $10 million from the GameStop Corp. (NYSE: GME) trading frenzy earlier ...

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GameTop
·2021-03-17
Really? But I don't care ! Keep Buying & Holding ,Nothing else ,Just love this stock !??
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(NYSE: GME) trading frenzy earlier ...</p>\n\n<a href=\"https://finance.yahoo.com/news/gamestop-short-selling-nets-bill-090128975.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":"https://finance.yahoo.com/news/gamestop-short-selling-nets-bill-090128975.html","article_id":"2120189929","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/dGyn4dQGcX_rjtuMT3H3fg--~B/aD00MDA7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://s.yimg.com/uu/api/res/1.2/GzmGffaSHhdGh83ahcZQHg--~B/aD00MDA7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/833766927d8132de00a8fdb79f5faa8d"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2120189929","pubTimestamp":1615971688,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Bill Gross, the co-founder of fixed income investment company Pacific Management Co., said he manage","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GME":"游戏驿站"},"translate_title":"游戏驿站做空净帐单总额1000万美元，他说目前的波动性是期权卖方的绝佳机会。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GME":0.9},"content_text":"Bill Gross, the co-founder of fixed income investment company Pacific Management Co., said he managed to book a profit of about $10 million from the GameStop Corp. (NYSE: GME) trading frenzy earlier this year.\nWhat Happened: The legendary billionaire investor said in an interview Tuesday on Bloomberg Television that he initially sold call options on GameStop at strike prices of $150 and $200, and lost $10 million as the stock surged amid a rally fueled by retail traders. However, he managed to book a profit of $10 million and exited the trade when the videogame retailer’s shares finally tumbled.\nThe erstwhile bond king said he is still selling call options on the GameStop stock at $250 and $300, noting that the volatility is super high and is a “perfect opportunity for option sellers, not buyers.”\nSee Also: GameStop Frenzy Continues To Inspire More Retail Investors' Jump Into Stock Market\nWhy It Matters: Shares of GameStop and other heavily-shorted stocks such as AMC Entertainment Holdings Inc. (NYSE: AMC) skyrocketed in January as retail traders belonging to the Reddit Investor forum r/WallStreetBets bid up the stocks to create a short squeeze.\nGameStop and some other meme stocks such as Rocket Companies Inc. (NYSE: RKT) and AMC Entertainment Holdings continued to see strong retail investor interest even on Tuesday amid speculation small investors will invest funds from upcoming stimulus checks into the equity markets.\nMeanwhile, GameStop analyst Curtis Nagle said in a note last week that the company’s shares remain “very detached from fundamentals”. He also said that the recent surge in GameStop’s shares could be due to rising expectations for the company to adopt a digital business model led by major shareholder Ryan Cohen.\nPrice Action: GameStop shares closed 5.4% lower on Tuesday at $208.17.\nPhoto courtesy: EPIC via Wikimedia\nSee more from Benzinga\n\nClick here for options trades from Benzinga\nAMC Could Be Getting Up To 10% On Film-Rental Fees From WarnerMedia, Says Analyst\nAMC Says No Longer In 'Survival' Mode With Vaccine Rollout, Big Movie Releases On The Horizon\n\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":324840198,"gmtCreate":1615985922114,"gmtModify":1704789322380,"author":{"id":"3511939635295732","authorId":"3511939635295732","name":"GameTop","avatar":"https://static.tigerbbs.com/a418f685c332b5e539650217d37f44a8","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3511939635295732","authorIdStr":"3511939635295732"},"htmlText":"Really? But I don't care ! Keep Buying &amp;&nbsp;Holding ,Nothing else ,Just love&nbsp;this stock !??","listText":"Really? But I don't care ! Keep Buying &amp;&nbsp;Holding ,Nothing else ,Just love&nbsp;this stock !??","text":"Really? But I don't care ! Keep Buying & Holding ,Nothing else ,Just love this stock !??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324840198","repostId":2120189929,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}