Spotlight on GameStop: Analyzing the Surge in Options Activity

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Whales with a lot of money to spend have taken a noticeably bearish stance on GameStop.

Looking at options history for GameStop GME we detected 33 trades.

If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 60% with bearish.

From the overall spotted trades, 20 are puts, for a total amount of $1,020,111 and 13, calls, for a total amount of $550,005.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $22.0 to $125.0 for GameStop over the last 3 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 $22.0 to $125.0 in the last 30 days.

GameStop 30-Day Option Volume & Interest Snapshot

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GME CALL TRADE BEARISH 02/21/25 $10.3 $10.1 $10.1 $22.00 $101.0K 49 0
GME CALL TRADE NEUTRAL 02/21/25 $6.45 $5.9 $6.2 $27.00 $62.0K 809 101
GME PUT TRADE BEARISH 01/16/26 $95.75 $95.6 $95.75 $125.00 $57.4K 5.9K 34
GME PUT TRADE BEARISH 01/16/26 $95.65 $95.65 $95.65 $125.00 $57.3K 5.9K 118
GME PUT TRADE BEARISH 01/16/26 $95.6 $93.1 $95.6 $125.00 $57.3K 5.9K 70

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.

In light of the recent options history for GameStop, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of GameStop

  • With a trading volume of 4,043,916, the price of GME is down by -2.51%, reaching $31.5.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 71 days from now.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.

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.

Overview Rating:
Speculative
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Technicals Analysis
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Financials Analysis
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