GameStop (GME) Well Positioned, But Facing NFT Headwinds

GameStop (GME) missed on both the top and bottom line. Caroline Woods joins Alex Coffey and Jenny Horne to discuss GME, as its earnings released yesterday, December 7th. She talks about how the CEO says GME is well positioned heading in to 2023, and has the goal of achieving profitability in the near-term. She also notes that the contraction of the NFT space is a short-term headwind for GME. Alex then demonstrates an example trade using GME. The trade type is a sell a put vertical and the direction is neutral to bullish. Tune in to find out more about the stock market today.