GameStop’s Options Rush: What You Need to Know – GameStop (NYSE:GME)

Financially strong investors have taken a bearish approach to GameStop GMEand market participants should not ignore that. Today, our tracking of public options records at Benzinga revealed this significant move. The identities of these investors remain unknown, but such a significant move in GME usually suggests something big is about to happen.

That’s what we learned from our observations today, as Benzinga’s Options Scanner highlighted 13 standout options activity for GameStop. This level of activity is extraordinary.

The overall sentiment among these heavyweight investors is split: 23% are bullish and 46% are bearish. Among these notable options are 5 puts totaling $151,072 and 8 calls totaling $374,860.

Estimated price range

When analyzing the volume and open interest in these contracts, it appears that the major players were eyeing a price window of $15.0 to $125.0 for GameStop last quarter.

Analyzing volume and open interest

Examining volume and open interest provides important insights into stock analysis. This information is critical to assessing the liquidity and interest levels for GameStop options at specific strike prices. Below we present a snapshot of trends in volume and open interest for calls and puts on GameStop’s key trades within a strike price range of $15.0 to $125.0 over the past month.

GameStop Call and Put Volume: 30-Day Overview

Biggest options discovered:

About GameStop

GameStop Corp is an American multichannel retailer of video games, consumer electronics and services. The company operates in Europe, Canada, Australia and the United States. GameStop sells new and used video game hardware, physical and digital video game software, and video game accessories primarily through GameStop, EB Games and Micromania stores and international e-commerce websites. The majority of sales occur in the USA.

Following our analysis of the options activity associated with GameStop, we turn to a closer look at the company’s own performance.

Where is GameStop currently?

• GME price is currently trading at a volume of 4,029,729 and has increased by 3.19%, now at $28.79.
• The RSI readings suggest that the stock may currently be overbought.
• The earnings are expected to be released in 14 days.

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