Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Unpacking the Latest Options Trading Trends in GameStop

Author: Benzinga Insights | August 30, 2024 11:01am

Financial giants have made a conspicuous bullish move on GameStop. Our analysis of options history for GameStop (NYSE:GME) revealed 9 unusual trades.

Delving into the details, we found 77% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $183,360, and 7 were calls, valued at $319,250.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $125.0 for GameStop over the recent three 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 $10.0 to $125.0 in the last 30 days.

GameStop Option Volume And Open Interest Over Last 30 Days

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 PUT TRADE BEARISH 10/18/24 $103.0 $102.8 $103.0 $125.00 $154.5K 0 15
GME CALL TRADE BULLISH 01/17/25 $4.15 $4.0 $4.1 $25.00 $81.9K 6.5K 841
GME CALL TRADE BULLISH 01/17/25 $4.15 $3.9 $4.1 $25.00 $81.9K 6.5K 230
GME CALL TRADE BULLISH 09/20/24 $2.25 $2.1 $2.2 $22.00 $44.0K 3.1K 514
GME CALL TRADE BULLISH 09/13/24 $1.5 $1.47 $1.5 $23.00 $29.7K 1.8K 349

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.

After a thorough review of the options trading surrounding GameStop, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is GameStop Standing Right Now?

  • Currently trading with a volume of 2,546,353, the GME's price is up by 1.72%, now at $21.88.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 11 days.

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.

Posted In: GME

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist