Investors with a lot of money to spend have taken a bullish stance on GameStop (NYSE:GME).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GME, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for GameStop.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $581,850, and 7 are calls, for a total amount of $451,802.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $17.0 to $125.0 for GameStop during the past quarter.
Analyzing Volume & Open Interest
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 $17.0 to $125.0 in the last 30 days.
GameStop Call and Put Volume: 30-Day Overview
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 | $97.0 | $96.4 | $97.0 | $125.00 | $242.5K | 4.4K | 61 |
| GME | PUT | SWEEP | BULLISH | 01/16/26 | $98.3 | $97.0 | $97.0 | $125.00 | $242.5K | 4.4K | 36 |
| GME | CALL | TRADE | BULLISH | 02/21/25 | $4.65 | $4.3 | $4.65 | $35.00 | $232.0K | 1.2K | 13 |
| GME | CALL | SWEEP | BEARISH | 12/20/24 | $2.2 | $2.19 | $2.19 | $30.00 | $51.9K | 23.1K | 3.2K |
| GME | PUT | TRADE | BEARISH | 01/16/26 | $96.9 | $96.4 | $96.9 | $125.00 | $48.4K | 4.4K | 11 |
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.
In light of the recent options history for GameStop, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of GameStop
- Currently trading with a volume of 3,895,563, the GME's price is up by 0.29%, now at $31.35.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 97 days.
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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.
