As far as opportunities Friday , GME is still 200, If it opens higher ..I would be hard pressed not to take a few fliers on cheap OTM puts for close . All the hold the line talk is great , but when options expire Friday at 4pm many will be heading for the exits at the first indication of falling prices .
It’s one thing to say hold the line on a Wednesday or when you don’t have a ton of money tied into GME ..but come Friday ..if this stock is able to go up early in day ..it will be primed to take out a couple hour OTM put .
hypothetical example of what I mean .I could see this open at 175 ..push to 200 thru noon and then fall fast to 75 as everyone with call options (expiring this Friday - in the money ) heads for exits . At noon the price of 120$ strike puts would probably be very cheap ..maybe 100$ Or less and if it fell to 75 at close . That would net you 4K per put contract