GME is dropping in value as expected. Remember that Roaring Kitty has a 120k calls at $24 strike for June 21st expiry. Since he bought them at $5.67 he has already lost more than half his money as the contract already closed at $1.80
I suspect that the stock will continue to fall to my cyan arrow mark and RoaringKitty's calls (all $68 Million of them will expire worthless).
So far the thesis is panning out. I will hold until cyan arrow and initiate my buy there. I think the price will increase from there but after RoaringKitty's position expires this week.