I even sent you a short video Tuesday explaining the stock’s short squeeze, what short interest is and how you can use it to spot opportunities like this before they happen.
You guys absolutely loved that video!
Since the feedback has been so positive, I thought I’d take it one step further and show you two alternative ways you can short GameStop for big profits (and other stocks just like it) .
The Best Way to Short GameStop for Big Profits
One of the five stocks I said could see a GameStop-like moon shot in yesterday’s video was AMC.
AMC Entertainment Holdings Inc. (NYSE: AMC) is the largest movie theater chain in the world and had a 68% short open interest when I mentioned it Tuesday. In fact, it looked almost identical to what we’ve seen with GameStop Corp. (NYSE: GME), which was up 133% as I filmed this video.
But it’s likely that movie theaters will go belly up just like GameStop will in the next several years.
I mean let’s be real. We’re not going to make any money in movie theatres or stores that sell used video games. And if either one of these things is able to reinvent themselves, it’s going to take years to do so.
In other words, it’s not smart to chase these stocks.
I think it’s best to sell both of them short, which is why I’m giving away two alternative strategies you can use to short GameStop for big profits.
And here’s a hint: The best thing you can do is buy a put option.
Check out the short video to learn two alternative ways you can short GameStop for big profits, and then be sure to share your thoughts in the comment section below.
And if you haven’t done so already, subscribe to my YouTube channel and don’t forget to give this video a thumbs up.
P.S. Ten-time trading champion Chuck Hughes just revealed the strategy that allowed him to bank $3.5 million in documented profits over the past seven years.