GameStop may have surrendered $31M of BTC upside
Covered calls tied to roughly 2,000 BTC carry a $70,000 strike while Bitcoin trades in the mid-$80,000s, and a Friday expiration decides whether the income trade stays in place.
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Covered calls tied to roughly 2,000 BTC carry a $70,000 strike while Bitcoin trades in the mid-$80,000s, and a Friday expiration decides whether the income trade stays in place.
With GameStop’s bid dismissed as neither credible nor attractive and Burry already bailing, the financing math now hinges on the firm’s 4,709 BTC plus a contingent $20B TD Bank debt package.
A reported $55.5 billion takeover bid by GameStop for eBay has drawn attention to the retailer's recently disclosed…