Financial giants have made a conspicuous bullish move on GameStop. Our analysis of options history for GameStop (NYSE:GME) revealed 13 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $167,000, and 11 were calls, valued at $435,120.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $30.0 for GameStop during the past quarter.
Volume & Open Interest Development
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 $20.0 to $30.0 over the preceding 30 days.
GameStop 30-Day Option Volume & Interest Snapshot
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 | 01/16/26 | $14.0 | $13.75 | $13.99 | $30.00 | $139.9K | 649 | 81 |
| GME | CALL | TRADE | BULLISH | 06/28/24 | $5.15 | $4.85 | $5.15 | $20.00 | $77.2K | 4.1K | 77 |
| GME | CALL | SWEEP | BEARISH | 01/17/25 | $9.1 | $8.6 | $8.76 | $25.00 | $65.6K | 2.4K | 39 |
| GME | CALL | SWEEP | BULLISH | 06/28/24 | $0.67 | $0.66 | $0.67 | $25.00 | $40.3K | 19.5K | 2.1K |
| GME | CALL | TRADE | NEUTRAL | 01/17/25 | $10.35 | $8.9 | $9.53 | $22.00 | $36.2K | 171 | 0 |
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.
GameStop's Current Market Status
- Trading volume stands at 12,577,570, with GME's price down by -0.36%, positioned at $25.0.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 68 days.
Expert Opinions on GameStop
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $11.0.
- An analyst from Wedbush has decided to maintain their Underperform rating on GameStop, which currently sits at a price target of $11.
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.