Financial giants have made a conspicuous bullish move on GameStop. Our analysis of options history for GameStop GME revealed 9 unusual trades.
Delving into the details, we found 77% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $183,360, and 7 were calls, valued at $319,250.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $125.0 for GameStop over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for GameStop's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of GameStop's whale trades within a strike price range from $10.0 to $125.0 in the last 30 days.
GameStop Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GME | PUT | TRADE | BEARISH | 10/18/24 | $103.0 | $102.8 | $103.0 | $125.00 | $154.5K | 0 | 15 |
| GME | CALL | TRADE | BULLISH | 01/17/25 | $4.15 | $4.0 | $4.1 | $25.00 | $81.9K | 6.5K | 841 |
| GME | CALL | TRADE | BULLISH | 01/17/25 | $4.15 | $3.9 | $4.1 | $25.00 | $81.9K | 6.5K | 230 |
| GME | CALL | TRADE | BULLISH | 09/20/24 | $2.25 | $2.1 | $2.2 | $22.00 | $44.0K | 3.1K | 514 |
| GME | CALL | TRADE | BULLISH | 09/13/24 | $1.5 | $1.47 | $1.5 | $23.00 | $29.7K | 1.8K | 349 |
About GameStop
GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States.
After a thorough review of the options trading surrounding GameStop, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is GameStop Standing Right Now?
- Currently trading with a volume of 2,546,353, the GME's price is up by 1.72%, now at $21.88.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 11 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for GameStop with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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