Whales with a lot of money to spend have taken a noticeably bullish stance on GameStop.
Looking at options history for GameStop (NYSE:GME) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 27% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $103,000 and 9, calls, for a total amount of $408,551.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $17.0 to $40.0 for GameStop over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in GameStop's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to GameStop's substantial trades, within a strike price spectrum from $17.0 to $40.0 over the preceding 30 days.
GameStop Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GME | CALL | SWEEP | BULLISH | 08/16/24 | $2.5 | $2.43 | $2.5 | $20.00 | $81.2K | 7.0K | 449 |
| GME | PUT | TRADE | BULLISH | 01/16/26 | $6.2 | $3.0 | $4.0 | $17.00 | $64.0K | 713 | 0 |
| GME | CALL | TRADE | BEARISH | 01/16/26 | $6.95 | $6.0 | $6.0 | $40.00 | $60.0K | 736 | 100 |
| GME | CALL | SWEEP | BULLISH | 01/17/25 | $4.4 | $4.25 | $4.25 | $25.00 | $51.4K | 5.7K | 133 |
| GME | CALL | SWEEP | BEARISH | 10/18/24 | $4.15 | $4.0 | $4.1 | $20.00 | $46.3K | 7.2K | 288 |
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.
Having examined the options trading patterns of GameStop, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
GameStop's Current Market Status
- With a volume of 1,257,407, the price of GME is down -0.31% at $22.46.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 19 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest GameStop options trades with real-time alerts from Benzinga Pro.