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The Best Options Trade for GameStop (GME) Earnings

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On Tuesday, November 22nd, GameStop (GME - Free Report) will release its third quarter earnings results after the bell. The company is a Zacks Rank 4 (Sell), and have a Value, Growth, and Momentum score of C.

Dave will look at GameStop’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on GameStop ahead of earnings.

GameStop in Focus

GameStop Corp. is the world's largest video game and entertainment software retailer. The company operates 4,816 retail stores across the United States and in fifteen countries worldwide. The company also operates two e-commerce sites, and, and publishes Game Informer® magazine, a leading multi-platform video game publication. GameStop Corp. sells new and used video game software, hardware and accessories for next generation video game systems from Sony, Nintendo, and Microsoft. In addition, the company sells PC entertainment software, related accessories and other merchandise.

GameStop is expected to report earnings at $0.47 a share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 3.85% at $0.27 per share, beating estimates of $0.01 a share. They have an average earnings surprise of 2.56%. Furthermore, David covered GameStop in today’s Bear of the Day.

GAMESTOP CORP Price, Consensus and EPS Surprise

GAMESTOP CORP Price, Consensus and EPS Surprise | GAMESTOP CORP Quote

Bottom Line

How should investors play GameStop ahead of their earnings report? For insights on the best options trades, then tune in at 1:00pm CST this afternoon to see David’s thoughts.

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