Investors with a lot of money to spend have taken a bearish 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 33 uncommon options trades for GameStop.
This isn't normal.
The overall sentiment of these big-money traders is split between 18% bullish and 54%, bearish.
Out of all of the special options we uncovered, 13 are puts, for a total amount of $625,725, and 20 are calls, for a total amount of $1,054,347.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $125.0 for GameStop, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $20.0 to $125.0 in the last 30 days.
GameStop Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GME | CALL | SWEEP | BEARISH | 01/17/25 | $7.25 | $7.15 | $7.15 | $25.00 | $143.0K | 25.5K | 209 |
| GME | CALL | TRADE | NEUTRAL | 02/21/25 | $6.05 | $5.85 | $5.94 | $30.00 | $118.8K | 2.9K | 200 |
| GME | CALL | TRADE | BEARISH | 01/16/26 | $5.1 | $5.0 | $5.0 | $125.00 | $97.5K | 15.7K | 211 |
| GME | CALL | TRADE | BEARISH | 01/17/25 | $6.85 | $6.65 | $6.65 | $25.00 | $73.1K | 25.5K | 1.4K |
| GME | CALL | SWEEP | BEARISH | 01/17/25 | $0.4 | $0.36 | $0.37 | $125.00 | $68.8K | 130.6K | 22.1K |
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.
Present Market Standing of GameStop
- Currently trading with a volume of 5,093,848, the GME's price is up by 0.68%, now at $31.11.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 91 days.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
