We're all rooting for Dumb Money 2!
There are so many question surrounding the latest hype over GameStop. Clearly the company's stock has become disjointed and in full separation to its underlying business. That in itself makes for a rather interesting play to consider. No longer should one be overly concerned about its struggling business when it's become wrapped up as a sensational investment opportunity of disgruntled apes.
Investing in GameStop is now more of an investment on populist frustration. And let's be honest, that's very much on the rise.
Personally speaking, I think the best way to play this stock is to buy the stock and sell covered calls. It'll take just a few weeks to recoup your investment based on the extremely rich premiums. Additionally, the floor is likely in with the company raising cash faster than its losing it in its underlying business.
We'll see what Cohen has in store, but this actually seems like a rather interesting play.
