GameStop Forgoes $31 Million in Potential Gains from Bitcoin Call Option Trading
According to a September 9 filing, GameStop held covered call options for approximately 2,000 Bitcoins as of August 1, with a strike price of $70,000 and an expiration date of September 25. With Bitcoin trading at approximately $85,662 on September 22, well above the strike price, GameStop stands to forgo approximately $31.3 million in potential gains if these options remain unclosed at expiration. The company has previously acknowledged that its covered call program limits its participation in Bitcoin's upside but has not yet disclosed whether these options are still active or have been closed.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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