Whales with a lot of money to spend have taken a noticeably bearish stance on GameStop.
Looking at options history for GameStop (NYSE:GME) we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 47% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $195,560 and 15, calls, for a total amount of $830,163.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $40.0 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 $15.0 to $40.0 over the preceding 30 days.
GameStop Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GME | CALL | SWEEP | NEUTRAL | 10/18/24 | $7.7 | $6.5 | $7.7 | $20.00 | $192.5K | 6.0K | 250 |
| GME | CALL | SWEEP | BULLISH | 01/17/25 | $6.55 | $6.2 | $6.55 | $26.00 | $131.0K | 398 | 302 |
| GME | PUT | SWEEP | BEARISH | 08/02/24 | $0.36 | $0.34 | $0.35 | $23.50 | $91.9K | 1.3K | 304 |
| GME | CALL | SWEEP | BULLISH | 01/17/25 | $6.6 | $6.2 | $6.55 | $26.00 | $65.5K | 398 | 2 |
| GME | CALL | TRADE | BULLISH | 10/18/24 | $10.0 | $9.6 | $10.0 | $15.00 | $50.0K | 1.8K | 53 |
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.
GameStop's Current Market Status
- With a trading volume of 5,295,520, the price of GME is up by 2.05%, reaching $24.44.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 40 days from now.
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.