Puts Purchased in Gamestop

Shares of Gamestop Corp. GME are lower by 4.32% today after research came to light that video game sales declined sharply during the quarter. Gamestop is currently trading $21.70. Protection is being purchased on shares today with the October $15 put purchased on the offer 6,000 times for $0.64 earlier in the session. Open interest on the strike is 4,132 contracts, indicating new, bearish positioning. Gamestop Corp. is a retailer of video game products and personal computer (PC) entertainment software.