Gamestop is bad stock. Who knew?

Gamestop is bad stock. Who knew?

Today in totally expected dumpster fires Gamestop falls 18.81% on news that it fired its CEO without providing a reason and appointed chewy king Ryan Cohen to the board of directors. They also cancelled their earnings conference because of shame, stupidity or maybe it’s like when you cheated on your girlfriend at the bachelor party and she went through your instagram and you know she went through your instagram but you pretend if you just don’t talk about it that it will go away and everything will be forgotten. Doubtful.

Maybe the only thing surprising about Gamestop is they sold over a billion dollars worth of games and stuff, which is insane to us given that aside from the consoles and Nintendo switchys all of the games are downloaded available without traveling to the shopping mall.

Will we see Reddit’s Gamestop Army pump this up again?

Low IQ logic says that it’s 6x from its all-time high of $120, so it’s absolutely guaranteed to at least double up with Ryan Chewy on the board he’ll be our savior and definitely not dump on us.

We doubt it happens this time around. No stimmies and they’re probably too busy playing Diablo IV and Zelda to care.

[ yahoo finance ]

RIGD REPORT Answers Questions on RIGD

Real humans read the responses to this email and real humans sometimes respond.

Let’s address a few questions:

Discount:

Dear esteemed gentlemens requesting the previous price of $120, we’re going to channel some Marlo Stanfield energy here.

Ultimately it’s still too cheap and will be raised at launch.

But what is it?

RIGD uses options flow + other signals plugs them into an algorithm (under development) and then sends you bull and bear alerts.

We sort through all the secret stuff happening in the options market, so you don’t have to sit and stare at a chart all day.

At launch RIGD AI will focus on 0dte SPY and QQQ options, but we’ll expand to the magnificent seven next.

Let’s run through an example using a chart (which you don’t have to look at to use RIGD) but is very helpful to explain what we’re talking about.

RIGD triggers three different bear alerts in the first period (opening session).

Seeing three of the same alerts fire in a short-timeframe is a reasonably good indicator (no signal is perfect) that tells you what direction the market’s going to move.

How to trade it:

The BEAR Alert fires at 10:34 when $SPY is $428.17

We buy the $428 put option (because it’s closest to the money)

Sell the option, get rich and bro down

In real-time:

10:34 - RIGD AI sends BEAR Alert

10:35 - You follow and buy the $428p for 0.83

10:54 - 1.18 (+42.17%)

11:33 - 0.60 (-27.71%)

12:27 - 1.46 (+75.90%)

1:39 - 1.92 (+131.33%)

4:00 - 1.40 (+68.67%)

Trade Summary:

In 19 minutes the 428p returned 42.17%. The max loss was 27.71% and maximum potential return was 131.33%.

Between you and us, we like to sell when it gets close to 100% which is painful when the markets rip and they go 10x.

Yesterday was one of those rare low volatility sessions where $SPY didn’t rally back to green by the end, so you would have made 68.67% holding until the end of the day (not recommended for puts).

If this sounds confusing:

1.) You are probably in the wrong place and should consider visiting the Vanguard website

2.) It’s okay because RIGD will feature a paper trading game where you can pick the bull or bear side for each alert. We’ll track your results and sell based on your take profit and stop loss percentages.

Summary of all Summaries:

RIGD AI beta (0dte options alerts) in 2-3 weeks.

We’ll dig through the data today and find a losing alert (a move you should fade) to talk about tomorrow!

Stay frosty.

thanks for reading THE REPORT by RIGD AI

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