[Kranar]

Short term puts yes, long term puts no. For short term puts you pay (or are rewarded) in volatility, for long term puts you pay (or are rewarded) in premium.

At any rate, my point isn't you can't make money off this, it's that there's no easy arbitrage opportunity happening on GME. It's basically trading like a volatile stock would trade, and it's being priced as such. Whatever free or easy money you think there is to be made on GME is likely just a coin toss.

[spacedome]

I meant doing day trades of long term puts, but yes I agree any money here is a huge gamble.