I like CRSR a lot, it's definitely not as big as LOGI, but with a significantly smaller market cap, it has a lot more room to grow. I can go into detail about the growing gaming industry, hence my bullish positions on GME, RBLX, CRSR, U, and other gaming stocks as a value play, but that's too far into the future.
What's happening now is that CRSR has some share lockups coming up on 3/22. I think this means CRSR will fucking DRILL under $30, as we have seen in PLTR, QS, SNOW. The sell-off always happens before, as part of a gentleman's courtesy. If it was so simple to buy puts or short the stock when there is a share lock up, it'd be the easiest fucking money. But fuck man you never really know. PLTR had a fucking beautiful 14% spike on the day of share lock up on a number of catalyst, but then proceeded to drop below $25.
A strangle would be the best way to play this. but I'm too broke for that. CRSR has not been breaking above the Bollinger Bands basis line often. If we do see a spike around this period, it will probably be to maybe $37-$38, I really don't see it coming near $40 again, unfortunately. Who knows, I can be completely wrong and the news of the stimmy passing in the house can yet all stocks up and CRSR can hit the upper band of the Bollinger bands. I'm pretty bearish short term just watching how PLTR did after their lock up period.
My play: buying a 35p 3/19 if there is a green day. Then, I'd like to sell a CSP and get assigned somewhere around the $25 range. Start the wheel on this bitch.