What is the reasoning here? Are you under the impression GME wouldn't crash right alongside the market? This isn't BTC or gold we're talking about. It's just another stock.
The insurance pays up if they buy your share.
Do you have another idea how it could end?
I share your skepticism that it would actually happen this way, but it seems at least somewhat plausible.
Well ... yeah. Today it hasn't.
I do believe it will last at least one more week, though, yeah. And I'm putting money where my mouth is.
The best part in all of this is that you're free to short it if you disagree. See where that leads you.
Never shorted a stock in my life. Not going to start now. I cannot predict when this will stop. Nither can you. What currently holds everything together is the unknown. People don't know who, when, and how the shorter s are going to close their positions. Once things will clear out I predict it's gonna be the beginning of the end.
Just to be clear. I don't think it will crash to nothing any time soon. It will keep trading much higher than what it was pre this saga. When I say crash I mean down around 70-80% from its current value of $330.