Options Market Statistics: Traders Pile Into Bullish Bets on GameStop for Second Day
News Highlights
1. Shares of $GameStop (GME.US)$ rose 6% in Tuesday's trading, with the most traded calls are contracts of $125 strike price that expire on Jan 17, 2025. The total volume reaching 46,021 with the open interest of 121,382.
The company recently announced its third-quarter financial results, revealing a 20% year-over-year decline in sales to $860 million, falling short of market expectations of $888 million. Despite the drop in sales, GameStop reported a profit of $17.4 million, compared to a loss of $3.1 million in the same period last year. Adjusted earnings per share came in at $0.06, surpassing the anticipated loss of $0.03 per share.
Also, Traders bought a slew of bullish contracts on video-game retailer GameStop Corp. over the past two days, less than a month after an X post from Keith Gill, the online persona known as Roaring Kitty, sent meme stocks flying.
Unusual Stock Options Activity
There was a noteworthy activity in $Vodafone (VOD.US)$, with $8 puts topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 207.8x with 35,950 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
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Implied Volatility Rank: Volatility Analysis: IV, HV, IV Rank, IV Percentile
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